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.

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.

STATE MANAGEMENT OF ARBITRATION IN VIETNAM AND COURT’S ROLES IN ARBITRAL ACTIVITIES

STATE MANAGEMENT OF ARBITRATION IN VIETNAM AND COURT’S ROLES IN ARBITRAL ACTIVITIES

How can the government perform State management of arbitration in Vietnam? What are the roles of courts in arbitral activities? The good lawyers in Hanoi, Vietnam, Dragon Law Firm will answer you that question according to Vietnam’s Law.

Conciliation

Conciliation

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

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.

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...

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.

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.

Hanoi Lawyer guides the procedure of lawsuits at arbitration centre

Hanoi Lawyer guides the procedure  of lawsuits at arbitration centre

Pursuant to Chapter V, Law on Commercial Arbitration N0.54/2010/QH12, passed on June 17, 2010, and taking effect on January 1, 2011....

Dragon Law with Tips for Negotiation

Dragon Law with Tips for Negotiation

Every time you negotiate, you have to make choices that affect whether you achieve a successful outcome for your business.

Back To Top