On 18 May 2017, Vietnam International Arbitration Centre (VIAC) co-operated with ICC International Court of Arbitration to organize the “Better Dispute Resolution, Better International Business” Seminar. This seminar has attracted different representative from various business sectors, lawyers together with media and presses.
The recent years has witnessed a considerable increase in global integration of many free trade agreements (FTA). Especially, the new generation of FTAs has been promised to foster a strong development, closer connection with sustainable development and quick adaptation to global challenges. Following that trend, VIAC has increased its global presence in the last 3 years by: attending and presenting in international conferences, co-operating to organize international seminars with many other international arbitration centres, such as the ICC International Court of Arbitration, Singapore International Arbitration Centre (SIAC), Korean Commercial Arbitration Board (KCAB), Hong Kong International Arbitration Centre (HKIAC), Asia Pacific Regional Arbitration Group (APRAG) and other big arbitration groups and associations in the region.
Overview of the seminar
As an opening remark, Mr. Vu Xuan Phong – Vice President of VIAC said: “The international commercial activities have increased remarkably recently within the region and across the world. With that, the co-operation between arbitration organizations is inevitable. Therefore, I hope the relationship between VIAC and the ICC International Court of Arbitration will be stronger to create a friendly environment for on dispute resolution.”
Mr. Vu Xuan Phong – Vice President of VIAC
Mr. Andrea Carlevaris agreed on the point and added that: “The competition between arbitration centres has been increasing significantly. However, it is not necessarily a bad trend. A healthy competition will drive us forward to improve our services, perfect our dispute resolution procedure and strengthen our ability to adapt to global challenges”
Mr. Andrea Carlevaris – Secretary General of Internation Court of Arbitration ICC
VIAC and International Court of Arbitration ICC both agreed to make some changes in their Rules of Arbitration. These changes originated from practical dispute resolution cases in various arbitration centres to serve enterprises better.
As a longstanding arbitration institution and the determination to be a pioneer in the field of dispute resolution in Vietnam and the world, VIAC and ICC will continue our mission to build a foundation, provide effective dispute resolution and useful legal information for business community.
VIAC and ICC representatives at the event.
Download Seminar document here
Download Photo here
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