1. Register your request for arbitration Registering a request for arbitration is a formal process for submitting a dispute to arbitration. Here are the basic steps of this process: Step 1: Prepare documents Step 2: Draft the Arbitration Request Step 3: Submit a Request for Arbitration Step 4: Pay the registration fee Step 5: Confirm […]
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1. Duties of the arbitrator According to Article 4 of the Law on Commercial Arbitration 2010 (LTTTM), the principles for resolving disputes by Arbitration are stipulated as follows: “1. The arbitrator must respect the parties’ agreement if that agreement does not violate prohibitions or is contrary to social ethics. 2. Arbitrators must be independent, objective,
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1. Resolve disputes quickly Commercial arbitration brings many important benefits to businesses in resolving disputes effectively, fairly and quickly, while also ensuring transparency and trust in commercial transactions. Quick dispute resolution through commercial arbitration is one of the important benefits that businesses can achieve. Enterprises can choose their own arbitrator right from the agreement stage
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1. Differences in Dispute Resolution Processes 1.1. Resolution Process via Commercial Arbitration Review of Case Files: When a dispute resolution request is made, the case files need to be reviewed to determine the statute of limitations for initiating legal action. According to Article 33 of the Commercial Arbitration Law 2010, the statute of limitations for
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1. What is international commercial arbitration? International commercial arbitration is a method of resolving disputes arising from international commercial activities through arbitration. Instead of taking the dispute to court, the parties involved may choose to use arbitration to resolve their issues. According to this method, the parties agree to submit the dispute to a certain
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1. Regulations on confidentiality in commercial arbitration Confidentiality is also a traditional and widely respected arbitration practice in different countries, and has been stipulated in relevant legal documents and in most arbitration procedural rules of arbitral institutions. domestic and international finance. In Vietnam, regarding the provisions of the law, Article 4 “Principles for resolving disputes
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1. Overview of commercial arbitration law Vietnam’s Commercial Arbitration Law is part of the legal system to regulate and support the resolution of commercial disputes by arbitration. Below are some basic points about Vietnam Commercial Arbitration Law: 1.1. Scope of application This law applies to commercial disputes in which the parties agree to use arbitration
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1. Necessary legal conditions According to Article 5 of the 2010 Commercial Arbitration Law, dispute resolution by Arbitration need to meet the following conditions: – Disputes will be resolved by arbitration if the parties have an arbitration agreement. Arbitration agreements can be made before or after a dispute arises. – In case a party to
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1. Compare Commercial Arbitration and Court Comparison problem COURT PROCEEDINGS ARBITRATION PROCEEDINGS The issue of determining the address of the defendant, sending and serving procedural documents Provisions of law: The Plaintiff must write down the complete and correct address of the Defendant’s residence in the petition, and provide evidence to prove that this address
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1. Basic process of commercial arbitration Step 1: For plaintiffs in lawsuits at commercial arbitration centers The Plaintiff files a Complaint, appoints an arbitrator, and pays the arbitration fee. The complaint includes date, month; names and addresses of the parties; summary of the content of the dispute; Legal basis for filing a lawsuit; value of
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