Dispute Resolution Through Arbitration in Asia

5 Powerful Insights into Dispute Resolution Through Arbitration in Asia: Vietnam’s Role in a Connected Region

The Changing Face of Cross-Border Disputes In today’s borderless economy, trade and investment move faster than regulation. Contracts stretch across Asia. When conflicts arise, national courts often struggle to keep pace and traditional litigation would take long. The question of how to maintain fairness, enforceability, and efficiency across different jurisdictions leads naturally to one solution: …

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Arbitration Law Firms in Vietnam: 4 Advantages Resolving Disputes by Arbitration?

What Are Advantages and Disadvantages Resolving Disputes by Commercial Arbitration?  

What is Commercial Arbitration? Commercial arbitration is a method of settling disputes selected by the parties and conducted in accordance with law. Compared with other method of dispute resolution such as mediation, negotiation, court litigation, dispute resolution by commercial arbitration also has advantages and disadvantages. Arbitration law firms in Vietnam would help clients understand the …

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Conditions for Arbitration Agreement to Take Effect in Vietnam

What Conditions for Arbitration Agreement to Take Effect in Vietnam?

Commercial arbitration means a mode of dispute settlement agreed by the parties and to be conducted in accordance with law. Arbitration agreement means an agreement between the parties to settle by arbitration a dispute which may arise or has arisen. Dispute is settled by arbitration if the parties have agreed to arbitration. In order for …

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Statute of Limitation for Initiating Legal Action According to Arbitral Procedures

What is Statute of Limitation for Initiating Legal Action According to Arbitral Procedures?

Arbitration law always set the the limitation period for request of dispute resolution. This means that the law applies a specific period for parties to bring the dispute to the arbitration. According to law on arbitration 2010 (“LOA”), unless otherwise provided by specialized law, limitation period for initiating legal action according to arbitral procedures is …

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How Violations of Fundamental Principles Causes Annulment of Arbitral Awards in Vietnam?

How Violations of Fundamental Principles Causes Annulment of Arbitral Awards in Vietnam?

Arbitration award is final and binding upon the parties. The arbitral award takes effect from the date of its issuance and is not subject to appeal and protest which is a feature of dispute resolution through commercial arbitration. Therefore, the regulations on annulment of arbitral award should be carefully implemented to closely monitor these awards, …

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Determination of Competence between Court and Arbitration

Determination of Competence between Court and Arbitration

Dispute resolution is always a matter of concern in Vietnam when it comes to the regulations and the effective enforcement of government authority. The Council of Judges of the Supreme People’s Court issued Resolution 01/2014/NQ-HDTP in order to provide guidelines for the Law on Commercial Arbitration in Vietnam on dispute resolution process. Accordingly, the courts …

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Forms of Disputes and Approaches to Settlement in Vietnam

Forms of Disputes and Approaches to Settlement in Vietnam

Dispute in Vietnam could be between parties in business transaction, foreign investors and Vietnam government, or between countries in implementing international treaties. The formation of market economy in Vietnam took place in the context of the development in the width and depth of the economic ties at a significant fast pace that make Vietnam an …

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