Arbitration
Mediation Costs

Mediation Costs

Update: 16/12/2016 | 11:10:07 AM - Dragon Law Firm

When an application for mediation is submitted, the party initiating the mediation shall pay the amount of application fee of VND 2,000,000. The amount shall not be returned in any case...

 1. Mediation Costs

The mediation costs shall include:

a- The VIAC administrative fees;

b- A reasonable fee amount for the mediator;

c- Travel and other expenses of the mediator;

d- Travel and other expenses of witnesses requested by the mediator with the parties’s consent;

e- Costs of any expert advice and translator services requested by the parties or by the mediator with the parties’s consent;

The fee amounts payable under the items (a) and (b) mentioned above will be determined by the VIAC President after considering the following factors:

- Value of the dispute

- Complexity of the dispute

- Time spent for handling of the dispute

All the costs and expenses mentioned in items (c), (d) and 9e) above will be the actual costs and expenses incurred.

In submitting an application for mediation and in accepting an invitation to mediation, each party shall pay respectively in advance a fee amount mentioned in items (a) and (b) as determined by the VIAC. When the mediation proceedings are terminated, the VIAC shall calculate all the costs and determine the fee amount to be paid by the parties. If the determined fee amount is highter than the amount paid in advance by the parties, the parties shall pay the unpaid amount. If the determined fee amount is less than the amount paid in advance by the parties, the VIAC shall return the balance to the parties.

2. Model Clause:

In drawing up contracts, the Vietnam International Arbitration Centre (VIAC) recommends that parties use the following Model Mediation Clauses:

“Any dispute arising out of or in relation with this contract shall be resolved by mediation at the Vietnam International Arbitration Centre (VIAC) in accordance with its Rules of Mediation”.

Or

“Any dispute arising out of or in relation with this contract shall be resolved by mediation at the Vietnam International Arbitration Centre at the Vietnam Chamber of Commerce and Industry (VIAC) in accordance with its Rules of Mediation”. 

---------------------------------------------

Dragon Law Firm - Hotline: 1900.599.979

Website:  www.dragonlaw.vn

Email: dragonlawfirm@gmail.com

Facebook: https://www.facebook.com/vanphongluatsudragon

Hanoi Headquarter: FL14.6, VIMECO Bldg, Lot E9, Pham Hung Str., Trung Hoa Ward, Cau Giay Dist., Hanoi

 

Hai Phong Office: FL4.6, Khanh Hoi Bldg, Lot 2/3C, Le Hong Phong Str., Ngo Quyen Dist., Hai Phong


Other News

Vietnamese Superior People’s Court

Vietnamese Superior People’s Court

A court is a tribunal, carries out the administration of justice in civil, criminal, and administrative matters in accordance with the rule of law. It is generally understood that all persons have an ability to bring their claims before a court.

Preparing for Successful Negotiation

Preparing for Successful Negotiation

Some preparation may be appropriate for conducting a successful negotiation.

Supreme People’s Court in Vietnam

Supreme People’s Court in Vietnam

Dragon Law Firm’s lawyers in litigation at People’s Court supports with best quality legal services.

Commercial arbitration

Commercial arbitration

Commercial arbitration is a method of settling disputes arising in commercial activities agreed by the parties and conducted in accordance with law...

Criteria of Arbitrators

Criteria of Arbitrators

Dragon Law Firm honours to bring to clients the best legal service. Please call to the Enterprise Consultation Hotline: 1900.599.979 to have the best legal advice service.

Model Arbitration clause of the Vietnam international Arbitration Centre at the Vietnam Chamber of commerce and industry

Model Arbitration clause of the Vietnam international Arbitration Centre at the Vietnam Chamber of commerce and industry

In drawing up contracts, the Vietnam International Arbitration Centre (VIAC) recommends that parties use the following Model Arbitration Clause:

Best Lawyer in Hanoi Introduce on Mediation outside Court and Arbitration under ADR

Best Lawyer in Hanoi Introduce on Mediation outside Court and Arbitration under ADR

One of famous law firm in Vietnam in negotiation, mediation in sales contract, investment project, debt collection ... would like to support the local and foreign investors.

Lawyers for Conciliation in Land Dispute

Lawyers for Conciliation in Land Dispute

Prestigious law firm in Vietnam in real estate would like to support Clients with the best legal service in land disputes.

Best Law Firm in Litigation Advise on Roles of People’s Courts of Provinces and Centrally-run Cities

Best Law Firm in Litigation Advise on Roles of People’s Courts of Provinces and Centrally-run Cities

One of famous law firm in Vietnam in litigation at court is willing to offer some information about the roles of the Vietnamese People’s Courts of Provinces and Centrally-run Citites.

Reputable Lawyer in Vietnam in Civil Disputes Resolution

Reputable Lawyer in Vietnam in Civil Disputes Resolution

Dragon Law with excellent lawyers in resolving civil disputes will represent in the civil dispute resolution. Please contact the Call Center of representative lawyers to civil disputes at 1900.599.979 to get answers.

Back To Top