Enterprises should carefully study the “force majeure” clauses in contracts and consult experts to resolve any disputes on contract performance obligations during the COVID-19 pandemic.
Local exporters have been urged to prepare for any trade-related lawsuits and disputes arising from the escalating US-China trade war amid concerns that the two major powers will not reach an agreement this month.
Vietnamese and foreign firms are increasingly resorting to arbitration for settling disputes related to mergers and acquisitions, experts told a conference in HCM City on December 20.
The Viet Nam Chamber of Commerce and Industry (VCCI) has proposed removing conditions for 22 business sectors including rice export, trade arbitration, accounting services, debt purchasing, customs procedures and logistics services.
As many as 40 per cent of foreign direct investment (FDI) enterprises choose to use commercial arbitration in cases of disputes, rather than going to court, said Phan Trong Dat, Deputy Secretary General of the Viet Nam International Arbitration Centre...
The Viet Nam International Arbitration Centre (VIAC) and the International Finance Corporation organised a workshop on trade mediation in HCM City on Wednesday.
Viet Nam has made significant progress in aligning its policies on foreign arbitral awards with international standards, but it needs to foster enforcement capacity to enhance trust and confidence of foreign businesses.
The increasingly important role an arbitration court plays in facilitating trade and investment was highlighted at a seminar jointly held by Vietnamese and South Korean legal entities in Ha Noi on Thursday.
The Vietnam International Arbitration Centre organised a workshop with the International Finance Corporation to promote the use of alternative dispute resolution methods in the banking and finance sector.
When both court and arbitration have jurisdiction over the
resolution of disputes arising from the performance of commercial
contracts, ing the appropriate mode of resolution will help the
parties ensure the benefits of the process and save a lot of time,
effort and money.
International arbitration would be helpful for businesses in
settling trade and investment disputes in the context of Viet Nam
integrating rapidly into the global economy, experts said on July 20.