{"id":3261,"date":"2024-08-01T10:13:44","date_gmt":"2024-08-01T03:13:44","guid":{"rendered":"https:\/\/bbiac.com\/why-should-business-choose-commercial-arbitration\/"},"modified":"2024-08-01T10:13:44","modified_gmt":"2024-08-01T03:13:44","slug":"why-should-business-choose-commercial-arbitration","status":"publish","type":"post","link":"https:\/\/bbiac.com\/en\/why-should-business-choose-commercial-arbitration\/","title":{"rendered":"WHY SHOULD BUSINESS CHOOSE COMMERCIAL ARBITRATION?"},"content":{"rendered":"<h2><b>1. Compare Commercial Arbitration and Court<\/b><\/h2>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Comparison problem<\/b><\/td>\n<td><b>COURT PROCEEDINGS<\/b><\/td>\n<td><b>ARBITRATION PROCEEDINGS<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>The issue of determining the address of the defendant, sending and serving procedural documents<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Provisions of law:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0The Plaintiff must write down the complete and correct address of the Defendant&#8217;s residence in the petition, and provide evidence to prove that this address belongs to the defendant.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Court records and documents upon service and notice must be delivered directly to the Defendant or through their legal representative and they must sign and receive the documents.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulations: Article 177, Article 178 of the 2015 Civil Procedure Code (CPC 2015); Clause 1, Article 5, Resolution No. 04\/2017\/NQ-HDTP<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Practical application:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In many cases where the Defendant changes and makes it difficult to determine the actual and legal address, the dispute is at risk of:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; The court returned the lawsuit petition (Point e, Clause 1, Article 192 of the Civil Procedure Code 2015)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; The court stops resolving the case (Point h, Clause 1, Article 217 of the 2015 Civil Procedure Code, Point c, Clause 2, Article 6 of Resolution No. 04\/2017\/NQ-HDTP)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In case the Defendant is absent and does not sign directly, the proceedings must involve many other agencies and organizations, prolonging the time to resolve the dispute.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Laws and Rules of Procedure:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Defendant&#8217;s address is determined to be the address notified by the parties:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; The address is stated in the transaction contract between the parties.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Or the address that the parties provide to the Arbitration Center or Arbitration Council.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The sending of Arbitral proceedings documents is completed when:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; The Defendant or the Defendant&#8217;s representative received it directly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Or has been \u201csent to the parties&#8217; addresses\u201d with valid confirmation of this sending without the need for \u201cdirect delivery\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulations: Article 12 of the Law on Commercial Centers 2010<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Practical application:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0Very convenient for the Plaintiff and the Arbitration Council in resolving disputes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Overcoming the situation of many defendants avoiding their obligation to participate in resolution meetings.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Location<\/b><\/p>\n<p><b>dispute resolution<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Provisions of law:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The 2015 Civil Procedure Code stipulates that the location for dispute resolution is the Court where the Defendant resides or works if the Defendant is an individual, or where the defendant is headquartered if the Defendant is an agency or organization; the Plaintiff&#8217;s place of residence and work, and the Plaintiff&#8217;s headquarters if the parties so agree.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If there is a real estate dispute, the Court where the real estate is located has jurisdiction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulations: Article 39 of the Civil Procedure Code 2015<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Practical application:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the Plaintiff is in a different location, far away from the Defendant, there will be a lot of costs and time&#8230;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When the Defendant is not at a clear place of residence or work, it is difficult for the Court to determine the settlement location, leading to the case affecting the time and proceedings.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Laws and Rules of Procedure:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Trial at the headquarters of the Arbitration Center, any suitable location or any place as agreed by the parties.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulations: Clause 1, Article 11 of the Law on Commercial Centers 2010<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Practical application:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The arbitration council shall base itself on the agreement of the parties or on favorable conditions to organize the hearing, achieving efficiency in terms of time and reasonable costs for the parties.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The trial location may change according to emerging conditions.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Person with jurisdiction<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Provisions of law:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As judges, People&#8217;s Jurors are appointed and assigned by the Chief Justice of the Court.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulations: Clause 1, Article 47 of the Civil Procedure Code 2015<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Laws and Rules of Procedure:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As Arbitrators, chosen by the parties; If the parties do not choose, they will request the Arbitration Center to appoint one<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulations: Article 40 of the Law on Commercial Centers 2010<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Time<\/b><\/p>\n<p><b>\u00a0handle<\/b><\/p>\n<p><b>one case<\/b><\/p>\n<p><b>dispute<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Provisions of law:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">First instance stage, acceptance and trial process: 04 to 06 months (Article 203 of the Civil Procedure Code 2015)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Appeal stage: 04 to 05 months (Article 286 of the Civil Procedure Code 2015).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, the Court can issue a decision to indefinitely suspend the resolution of the lawsuit (Articles 214, 288 of the Civil Procedure Code 2015).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The judgment can also be reviewed according to cassation procedures within 4 months (Article 339 of the Civil Procedure Code 2015) or retrial within 4 months (Article 357 of the Civil Procedure Code 2015).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Practical application:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Actual resolution time is longer than prescribed, business and commercial disputes can last for many years.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Laws and Rules of Procedure:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Normally it is 03 to 04 months, from the time the Arbitration proceedings begin until the Arbitrator&#8217;s decision is issued.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulations: Article 32 to Article 61 of the 2010 Commercial Center Law<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Practical application:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Arbitration Centers always consider dispute resolution time as a top priority and are flexible in procedures so that cases can be resolved within a maximum of 3 months.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Apply summary proceedings<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Provisions of law:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Courts only apply summary procedures when the case has statutory conditions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Resolution time can be shortened as follows:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">First instance stage: 03 months<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Appeal period: 03 months<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulations: Articles 191, 203, 286, 317, 318, 322, 323 of the Civil Procedure Code 2015.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Practical application:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In practice, the Court rarely ensures the shortened time as prescribed above.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are no specific instructions on situations and details that satisfy the shortened conditions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many judgments have been annulled due to inconsistencies in how to evaluate the conditions for applying summary procedures, directly affecting the time and finances of the plaintiff.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Laws and Rules of Procedure:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Law on Commercial Arbitration 2010 or the Rules of Procedure of commercial arbitration centers allow the parties to agree on the application of dispute resolution according to summary procedures to shorten the time for dispute resolution.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulations: Clause 6, Article 3 of the Law on Commercial Centers 2010<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, most simple disputes at the Arbitration Center are adjudicated according to shortened procedures, lasting only 40 days.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Language<\/b><\/p>\n<p><b>judge<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Provisions of law:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Vietnamese (Article 20 of the 2015 Civil Procedure Code) is the only language of trial<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Practical application:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In disputes with foreign elements and litigants who are foreigners, resolving the dispute is very difficult for both the Court and the litigants.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Documents using foreign languages \u200b\u200bhave actually caused many unfavorable legal situations for the parties during the settlement process at Court.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Laws and Rules of Procedure:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Vietnamese. If there is a foreign element, the parties have the right to agree on the choice of language (Clause 2, Article 10 of the 2010 Law on Commercial Centers).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Practical application:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Arbitration Centers all have Arbitrators who are fluent in many languages, which is convenient for resolving disputes.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Levels<\/b><\/p>\n<p><b>judge<\/b><\/p>\n<p><b>dispute<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Provisions of law:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are many levels of trial: from first instance to appeal, the Court&#8217;s judgment can be reviewed according to cassation or retrial.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Practical application:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many disputes require trial from first instance to appeal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because Court proceedings have many other stages of trial, it leads to a prolonged period of time, which is the reason why many organizations, individuals, and disputes in the field of commercial business do not want to choose.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Laws and Rules of Procedure:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0The case is only heard once.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The arbitrator&#8217;s decision is final, enforceable, and cannot be appealed or protested.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Practical application:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Arbitrator&#8217;s decision is final, so it does not cause cost or time loss to the parties.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Confidentiality in the dispute resolution process<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Provisions of law:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Publicity (The public can attend, the media reports&#8230;) is the Court&#8217;s principle of trial.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulations: Article 15 of the Civil Procedure Code 2015.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Practical application:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The court publishes the verdict on its website:\u00a0 <\/span><a href=\"https:\/\/congbobanan.toaan.gov.vn\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">https:\/\/congbobanan.toaan.gov.vn\/<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Publicizing dispute information can sometimes reveal business secrets or negatively affect the reputation of businesses, especially companies listed on the stock exchange.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Laws and Rules of Procedure:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not public.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulations: Clause 4, Article 4 of the Law on Commercial Centers 2010.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Practical application:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Arbitration proceedings always keep case documents and information confidential during the dispute resolution process. The Arbitration Award is not published or accessible to the media.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Court fees\/arbitration fees<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Provisions of law:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Court fees for resolving disputes at Court are specifically and uniformly regulated by law in Resolution 326\/2016\/UBTVQH14 dated December 30, 2016 of the National Assembly Standing Committee.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Court fees are lower than Arbitration fees. However, if the trial is long, multi-level and has different trial locations&#8230; then the total cost will sometimes be much higher.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Arbitration Rules:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulated in the Arbitration Fee Schedule that commercial arbitration centers publicly announce. Each Arbitration Center has different regulations on Arbitration fees.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Higher than the Court&#8217;s fees but clearly accounted for, minimizing other costs.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Refund of court fees\/Arbitration fees in case the Plaintiff wins the case<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Provisions of law:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When the Plaintiff wins the lawsuit and there is no other agreement on the division of court fees, the entire court fee advance will be refunded to the Plaintiff by the Civil Judgment Enforcement Agency according to the prescribed procedures.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulations: Article 144 of the Civil Procedure Code 2015, Article 126 of the Law on Execution of Civil Judgments amended and supplemented in 2014.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Comment:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Plaintiff will be reimbursed directly from the Enforcement agency within the prescribed time period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the procedure for the Plaintiff to receive back the advance payment of court fees from the judicial system also creates many difficulties in practice.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Arbitration Rules:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Arbitration Center will not refund the Arbitration fee advance to the Plaintiff, but the Defendant will be obliged to pay it back to the Plaintiff.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulations: Clause 3, Article 34 of the Law on Commercial Centers 2010<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Comment:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; This Arbitration Fee will be received by the Plaintiff as part of the Defendant&#8217;s obligations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; With the Plaintiff being able to participate in a professional, effective form of litigation, saving a lot of time, travel costs, lawyer fees&#8230;I think this difference is also appropriate. fit.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Problem<\/b><\/p>\n<p><b>cancel the sentence<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Provisions of law:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first instance verdict may be overturned for retrial by the appellate level. The appeal judgment can be overturned by cassation or retrial procedures with a long period of time that is difficult to determine.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Court of Appeal can even annul the first instance judgment and suspend the resolution of the case.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Person requesting annulment or reconsideration of judgment: Plaintiff, Defendant, competent person of the Procuracy, People&#8217;s Court&#8230;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0Regulations: Articles 308, 310, 311, 326, 271, 331, 343, 345, 356&#8230; CPC 2015<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Found that:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The possibility that the Court&#8217;s judgment can be canceled by:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Reason: violation of procedural procedures, incorrect content, wrong application of law&#8230;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Canceled at different trial levels: canceled at the appeal level, canceled according to cassation or retrial procedures.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Can be annulled many times at the same level: The first instance verdict can be annulled, and when re-trial it can also be annulled..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; The subject with the right to request cancellation or review of the judgment is not only the Defendant but also the Plaintiff, competent person of the Procuracy, People&#8217;s Court&#8230;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The strict control of the Court system has significant advantages, but it also greatly affects the process of seeking justice and the legitimate rights of litigants.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Arbitration Rules:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The arbitration award may be overturned by the Provincial Court.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The basis for review is violation of procedural issues such as procedural violation, arbitration agreement, establishment of the Arbitration Council, etc. The Court does not have the authority to review the legal content of the Award. arbitration, except in cases where there is a violation of basic principles of law.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Time limit for the Court to resolve: 40 days by an application review council consisting of 03 experienced judges of the Provincial specialized court.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulations: Clause 4, Article 4, Law on Commercial Procedures 2010, Clause 3, Article 414, Civil Procedure Code 2015<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Found that:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The request to cancel the Award is made by only one party in the dispute and only by one Provincial court.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most of the considerations for annulment of the Award are related to legal proceedings.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Arbitration Centers, along with their Secretariat, support the Arbitration Council in procedural matters, so errors rarely occur.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Scope of international validity of the judgment\/Judgment<\/b><\/td>\n<td><span style=\"font-weight: 400;\">The Court&#8217;s civil and commercial judgments are applied abroad when the State of Vietnam has signed bilateral mutual legal assistance agreements with those countries.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Official Dispatch No. 33\/TANDTC-HTQT dated March 17, 2021 of the Supreme People&#8217;s Court on mutual legal assistance and serving of procedural documents abroad (sourced from:<\/span><\/p>\n<p><a href=\"https:\/\/thuvienphapluat.vn\/tintuc\/vn\/thoi-su-phap-luat\/chinh-sach-moi\/35001\/file-60-hiep-dinh-tuong-tro-tu-phap-tinh-den-ngay-17-3-2021\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">https:\/\/thuvienphapluat.vn\/tintuc\/vn\/thoi-su-phap-luat\/chinh-sach-moi\/35001\/file-60-hiep-dinh-tuong-tro-tu-phap-tinh-den-ngay-17-3-2021<\/span><\/a><span style=\"font-weight: 400;\">), Vietnam has signed a number of agreements in the civil and commercial fields with a number of countries as follows:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Agreement on mutual legal assistance in civil and commercial matters between the Socialist Republic of Vietnam and the Democratic and People&#8217;s Republic of Algeria<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Agreement on mutual legal assistance in civil matters between the Socialist Republic of Vietnam and the French Republic<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Agreement on mutual legal assistance in civil matters between the Socialist Republic of Vietnam and the Kingdom of Cambodia<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Agreement on mutual legal assistance in civil matters between the Socialist Republic of Vietnam and Hungary.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2026\u2026\u2026<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Vietnam joined the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards, commonly known as the 1958 New York Convention with about 150 member countries in 1995.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0That is why the Vietnamese Commercial Arbitration Award is valid and recognized and enforced in those member countries, such as the United States, France, England, Spain, Russia, and Korea. , Japan, Singapore\u2026<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The important meaning of the large international territorial effect of the Award will be many advantages for disputes with foreign elements and enforcement of rights and property that litigants enjoy in another country.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thus, arbitral awards have a wider scope of international validity than court judgments. These arbitral awards contribute to bringing the decisions of arbitral councils made in Vietnam to reach the wider community. international copper.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><b>2. Advantages of Commercial Arbitration<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">\u00a0Commercial arbitration has many advantages over traditional courts, especially in the context of international business and trade. Here are some key advantages:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0Pursuant to Clause 1, Article 3 of the 2010 Commercial Arbitration Law, Commercial Arbitration is a method of resolving disputes agreed upon by the parties and conducted in accordance with the provisions of the Commercial Arbitration Law, such that when the parties agree agree to resolve disputes by arbitration, when there is a dispute, the arbitration mechanism will be applied to resolve the dispute. This is an optional mechanism, unlike the Court, which will be the default dispute resolution mechanism if the parties do not agree on any other options. It can be seen that the Arbitration mechanism gives parties more choice and initiative in resolving disputes. In addition, there are some advantages of this method that can be mentioned as follows:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Procedures for resolving disputes by Arbitration are quick and flexible. The arbitrator&#8217;s decision is final, the arbitrator only hears it once, unlike the Court&#8217;s mechanism, where the Court&#8217;s Decision\/Judgment can be appealed to a higher court level.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ensuring information security. Clause 4, Article 4 of the 2010 Commercial Arbitration Law stipulates that &#8220;Dispute resolution by arbitration shall be conducted in a non-public manner unless the parties agree otherwise.&#8221; This helps businesses, if caught in disputes or lawsuits, still maintain business secrets and reputation in the marketplace.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In the Arbitration Council, in addition to arbitrators with expertise in law, there are also many arbitrators who are experts in other specific professions such as engineering, oil and gas, construction, etc. This makes dispute resolution more comprehensive, because in special cases, there are disputes related to specific industries and require a person with specialized knowledge in that field to resolve the dispute. Arbitration centers are non-governmental dispute resolution agencies, not part of the state apparatus, operate independently, so the neutrality of Arbitration is guaranteed.\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<h2><b>3. Suitable situations for using Commercial Arbitration<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">\u00a0Commercial arbitration is an appropriate method of dispute resolution in a variety of situations, especially in international business and commercial transactions. When parties face disputes related to international contracts, commercial arbitration becomes useful thanks to its neutrality, not being part of any country&#8217;s legal system, helping to reduce concerns about bias. taste. In addition, in situations requiring quick and confidential resolution, such as disputes involving high technology, confidential information or trade secrets, commercial arbitration is the optimal choice because of the process. kept confidential and fast. For businesses that want to maintain business relationships after dispute resolution, commercial arbitration helps avoid tensions and minimize conflicts thanks to the flexibility and customization of the process. In cases requiring high expertise, such as disputes over copyright, patents or complex technical issues, commercial arbitration with the participation of experts in the relevant field will bring a decision. accurate and fair. For example, a manufacturing company in Vietnam signs a contract to supply electronic components to an electronics manufacturer in Germany. If a dispute arises over product quality or delivery deadlines, both parties may not want to settle in the courts of the other country due to concerns about bias. In this case, international commercial arbitration provides a neutral and fair solution.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In general, commercial arbitration is suitable for situations requiring neutrality, confidentiality, speed and expertise, and helps parties maintain long-term business relationships.<\/span><\/p>\n<h2><b style=\"font-style: inherit;\">4. How to resolve disputes using Bigboss International Commercial Arbitration Center<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">To resolve disputes by commercial arbitration at BBIAC. Customers can write in the contract one of the following two contents:\u00a0<\/span><\/p>\n<h3><b>4.1. Model arbitration clause\u00a0<\/b><\/h3>\n<p><i><span style=\"font-weight: 400;\">\u201cAny dispute arising out of or in connection with this contract shall be resolved by arbitration at the BIGBOSS International Commercial Arbitration Center (BBIAC) in accordance with its Rules of Arbitration<\/span><\/i><span style=\"font-weight: 400;\">\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, the parties may add:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(a) the number of arbitrators is [one or three].<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0(b) the place of arbitration is [city and\/or country].\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(c) the law applicable to the contract is [ ].*\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(d) the arbitration language is [ ].** Note: *\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Only applicable to disputes with foreign elements **\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Only applies to disputes with foreign elements or disputes in which at least one party is a foreign-invested enterprise.<\/span><\/p>\n<h3><b>4.2. Model arbitration clause applicable to summary proceedings<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">\u201cAny dispute arising out of or in connection with this contract shall be resolved by arbitration at the BIGBOSS International Commercial Arbitration Center (BBIAC) in accordance with its Rules of Arbitration. The parties agree that the arbitration proceedings will be conducted in accordance with the Summary Procedures set out in Article 37 of the BBIAC Arbitration Rules.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, the parties may add:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(a) the place of arbitration is [city and\/or country].<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(b) the law applicable to the contract is [ ].*<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(c) the arbitration language is [ ]. **<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Note:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">* Only applies to disputes with foreign elements<\/span><\/p>\n<p><span style=\"font-weight: 400;\">** Only applies to disputes with foreign elements or disputes where at least one party is a foreign-invested enterprise<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1. Compare Commercial Arbitration and Court &nbsp; Comparison problem COURT PROCEEDINGS ARBITRATION PROCEEDINGS The issue of determining the address of the defendant, sending and serving procedural documents Provisions of law: \u00a0\u00a0\u00a0The Plaintiff must write down the complete and correct address of the Defendant&#8217;s residence in the petition, and provide evidence to prove that this address [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[85,89],"tags":[189,187,157,188,190],"class_list":["post-3261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-library","category-news","tag-advantages-of-commercial-arbitration","tag-businesses","tag-commercial-arbitration","tag-court","tag-situations-of-using-commercial-arbitration"],"_links":{"self":[{"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/posts\/3261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/comments?post=3261"}],"version-history":[{"count":0,"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/posts\/3261\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/media\/3081"}],"wp:attachment":[{"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/media?parent=3261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/categories?post=3261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/tags?post=3261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}