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Trade disputes on the rise in Vietnam

Trade disputes on the rise in Vietnam

Oct 26, 2019

According to Mr. Vu Anh Duong, vice president and general secretary of the VIAC, one of the reasons for the record high number of disputes at the center is the vibrant activity of the Vietnamese economy, with significant business cooperation and investments.

Cooperative agreement signing ceremony between VIAC and PCA

Cooperative agreement signing ceremony between VIAC and PCA

Oct 26, 2019

According to the singed Cooperative Agreement, VIAC would be joining the list of “appointing authorities” executing the appointment of arbitrators pursuant to the designation of the Secretary General of PCA. Additionally, hearings under PCA Rules of Arbitration held in Vietnam shall be organized and supported by VIAC. The Agreement also provided cooperative proposals between VIAC and PCA through co-hosting events and arbitration training courses.

Transshipment risks for steel makers

Transshipment risks for steel makers

Oct 26, 2019

The process, known as transshipment, requires manufacturers to set up a plant in Vietnam or collaborate with Vietnamese factories. This year, transshipment has reared its head as a major cause of the US-China tensions, and Vietnam is now caught in the middle.

Hong Kong court refuses to enforce an arbitral award on the basis of violation of public policy

Hong Kong court refuses to enforce an arbitral award on the basis of violation of public policy

Oct 26, 2019

Leave to enforce the Award was originally granted by the CFI on 28 August 2017 as part of the standard procedure in an ex parte application for leave.  The Respondent then applied to the CFI to set aside the enforcement order on the following grounds.

Mitigating investment risk – treaty planning and damages claims against state entities

Mitigating investment risk – treaty planning and damages claims against state entities

Oct 26, 2019

More generally, claims brought by financial institutions may also arise from interest in an investment (such as an oil, gas or mining concession) where the host state passes legislation nullifying or modifying the relevant contract, or interferes with performance of the contract or breaches it, or indeed where the state expropriates the investment in its entirety.

Firms suggested using mediation to resolve commercial disputes

Firms suggested using mediation to resolve commercial disputes

Oct 26, 2019

Phan Trong Dat, Deputy Secretary General of the Vietnam International Arbitration Centre (VIAC) and Deputy Director of the VMC, said mediation is appropriate for Asian culture since Asians prefer to settle disputes in a peaceful way.

Simplified procedure for foundation of standard LLCs

Simplified procedure for foundation of standard LLCs

Oct 26, 2019

According to legislative materials, 38% of all newly founded LLCs meet the requirements to be considered as a standard LLC. However, the proposed amendments do not particularly benefit start-ups as such companies rarely have just one founder.

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