Advantages of Dispute Resolution by Arbitration
- Arbitrators have deep expertise in many areas;
- The disputed content is kept confidential;
- Quick settlement time with reasonable cost;
- BBIAC Arbitral Awards are transferred directly to Vietnamese enforcement agencies for enforcement and do not require recognition and enforcement procedures in Court. In cases of overseas enforcement, BBIAC arbitral awards are enforced in 170 countries and territories that are parties to the 1958 New York Convention.
- Arbitrators have deep expertise in many areas;
- The disputed content is kept confidential;
- Quick settlement time with reasonable cost;
- BBIAC Arbitral Awards are transferred directly to Vietnamese enforcement agencies for enforcement and do not require recognition and enforcement procedures in Court. In cases of overseas enforcement, BBIAC arbitral awards are enforced in 170 countries and territories that are parties to the 1958 New York Convention.
- Meet the maximum freedom of agreement of the disputing parties on:
- Selection of Arbitrators, Arbitrator Qualifications and Arbitrator Nationality;
- Arbitration language (For disputes involving foreign elements and disputes involving a foreign-invested enterprise on one party);
- Applicable law (For disputes involving foreign elements);
- Dispute resolution venue;
- Dispute resolution time.
- Ready to answer all questions related to arbitration proceedings;
- Ensure convenient and fast communication between BBIAC - the disputing parties - the Arbitral Tribunal.
- The rules of arbitration proceedings are transparent and applied uniformly, in accordance with the agreement of the disputing parties;
- Ensure the disputing parties' right to access documents during arbitration proceedings;
- The fee schedule is publicly posted on the https://bbiac.com/bieu-phi website
- Arbitrators settle disputes independently, impartially, objectively, in accordance with legal provisions and in accordance with international standards.
WHY CHOOSE BIGBOSS INTERNATIONAL?
BIGBOSS INTERNATIONAL COMMERCIAL ARBITRATION CENTER (Bigboss International) is a commercial dispute settlement agency under the Law on Commercial Arbitration of Vietnam.
Stemming from its dispute settlement principles, arbitration shows many outstanding advantages, bringing many benefits to the parties when there is a dispute in business and commercial activities, specifically as follows:
First, unlike courts, there are two levels of normal trials, first instance and appeal, even cassation and retrial, arbitration has only one level of dispute resolution. Therefore, the arbitrator’s decision is final. This decision is binding on the parties. The parties cannot appeal or appeal as heard in Court.
Secondly, the parties have the right to select arbitrators based on their qualifications, competence, solid understanding of specialized fields, ensuring the quality of arbitral awards.
Third, dispute settlement by arbitration method is guaranteed confidentiality, not as public as trial in court. Therefore, the parties can still carry out transactions without revealing business information, without affecting the reputation of the company.
Fourth, the dispute settlement process at arbitration is continuous, flexible and flexible, thus saving time, costs and money for businesses.
Currently, the application of dispute settlement by commercial arbitration is also developing more and more
