VIAC Arbitrator attends the 68th session of Working Group II, UNCITRAL
Oct 26, 2019Following the well-deserved achievement of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York, 1958), it is a concerted attempt to develop the United Nations Convention on International Mediation that the international community has as yet made to establish an effective legal instrument as well as a framework for enforcement of international commercial settlement agreements resulting from mediation (the“Settlement Agreement”).
Mediation and Arbitration: The Differences
Oct 26, 2019Mediation and commercial arbitration are two alternate dispute resolutions (outside courts) recognized by Vietnamese Rules. According to the law, these methods are based on the voluntariness of the agreement between each party and are enforced by number of rules such as: Resolution No.22/2017/NĐ-CP about Mediation and Commercial Arbitration Rules 2010.
Promoting Investment among APEC Economies
Oct 26, 2019“A thorough co-operation in term of economic within APEC is a good sign for development. However, this also leads to the increase of commercial disputes among corporations, businesses in the member countries. Therefore, VIAC will continue to co-operate with other arbitration centres in the region to improve and update its dispute settlement procedure to achieve efficiency and boost the economy within the region”
Conference on International Arbitration Training Day 2017: Introduction of IBA Soft Law
Oct 26, 2019Mr. Vu Anh Duong – Vice President of VIAC said: “The principle of arbitration requires the parties to have an arbitration agreement. It is necessary to draw up an arbitration clause that is legally enforceable and practicable. Therefore, when a dispute arises, it can be resolved by arbitration.”
VIAC welcomed Vice Secretary of Permanent Court of Arbitration
Oct 26, 2019VIAC and PCA agreed to sign a Co-operation Agreement in dispute settlement to improve the quality of arbitral award in PCA, especially with cases with Vietnamese elements such as the parties’ nationality in dispute, the applicable law ...
VIAC welcomed representative delegation of Samsung Vietnam
Oct 26, 2019Mr. Vu Anh Duong (General Secretary cum Permanent Vice President of VIAC) and Mr. Phan Trong Dat (Deputy Secretary General of VIAC) shared current situation of resolving dispute in general as well as dispute resolution through arbitration, mediation in particular.
Explanation and Application of CISG in International commercial contract
Oct 26, 2019In his speech, Mr. Phan Trong Dat asserted that alternative dispute resolution will be ideal and make more specific mark in resolving dispute related to the explanation and application of CISG.
VIAC encourages alternative dispute resolutions
Oct 26, 2019The conference, named ‘Benefits and Challenges of Using ADR for Banking Disputes’, focused on the principles, conditions and procedures of commercial mediation as an ADR method, as well as the conditions for establishment of mediation centres in Viet Nam and the implementation of Decree 22 on commercial mediation, which has been in effect since April 15, 2017.
The Annoucement for Official Release of VIAC Rules of Arbitration 2017
Oct 26, 2019On 22 February 2017, Vietnam International Arbitration Centre announces the official release of the VIAC Rules of Arbitration 2017 in Hanoi.
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