This page aims at sharing short articles of laws and regulations in relation to business or commerce in Cambodia. A group of laws and regulations on formation, operation, transaction and closure of business is called Business Law. Business Law has been one of the subjects at universities and taught to students of laws and other majors. More than just a subject at universities, Business Law is the main focus of the state, business persons and consumers.
Due to diversity, complexity and flexibility of business, there are numerous texts of Business Law; and consequently, it is quite a challenge to understand all aspects of Business Law. Based on a view that many readers may not be interested in long texts with unfamiliar terms and complex sentences, articles of Business Law in this page are in plain English and in reasonable length. Readers who meet the cases as discussed in this page in their real lives should obtain comprehensive legal advice or opinion for their concerned cases from lawyers.
Contract is formed by agreement of the parties regarding a cooperation, transaction, arrangement or relation. Based on the principle of freedom of contract, the parties have the right to decide the content of their contract. However, the content of the contract should not violate the compulsory provisions of laws, public policy or good tradition and … Continue reading What should be included in a contract?
Fines against violation of the certain and defined provisions of the labor laws are set in multiple of the base daily wage. The base daily wage is the minimum wage determined by a Prakas (proclamation) jointly issued by the Ministry in charge of labor and the Ministry of Justice. (Article 360 of the Labor Law) … Continue reading Fines against violation of Labor Law: base daily wage
In the operation of their enterprises as well as business activities, entrepreneurs may use their own workers or the labor contractor or both. This article briefly discusses rules governing labor contractor and relationship among entrepreneur, labor contractor and worker of the contractor. According to the Labor Law of Cambodia, the labor contractor refers to person … Continue reading Cambodia: Labor Contractor