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

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.

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.

List of arbitration centers

List of arbitration centers

Pursuant to the 1992 Constitution of the Socialist Republic of Vietnam, which was amended and supplemented under Resolution No.51/2001/QH10...

Lawyer Advise to Dispute Resolution: Negotiation

Lawyer Advise to Dispute Resolution: Negotiation

Famous law firm in Vietnam has given the presence of negotiation in daily life is more popular. The negotiation can be applied within the context of other dispute resolution processes, such as mediation and litigation settlement conferences.

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.

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.

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.

Rules of arbitration

Rules of arbitration

1. Article 1: Scope of application 1. The Rules of Arbitration of the Vietnam International Arbitration Centre shall apply to resolve disputes at the Vietnam International Arbitration Center....

Conciliation

Conciliation

Dragon Law Firm with professional lawyers are pleasure to support clients with best quality services.

How to Understand about Conciliation Process?

How to Understand about Conciliation Process?

Dragon Law is one of the best legal firms in Vietnam supports with high reputable conciliators to help clients easily handle their disputes.

Back To Top