Commercial arbitration is a method of settling disputes arising in commercial activities agreed by the parties and conducted in accordance with law...
Model Arbitration clause of the Vietnam international Arbitration Centre at the Vietnam Chamber of commerce and industry
Update: 17/12/2016 | 11:01:46 AM - Dragon Law Firm
In drawing up contracts, the Vietnam International Arbitration Centre (VIAC) recommends that parties use the following Model Arbitration Clause:
“ Any dispute arising out of of in relation with this contract shall be resolved by arbitration at the Vietnam International Arbitration Centre (VIAC) in accordance with its Rules of Arbitration”.
Or
“Any dispute arising out of or in relation with this contract shall be resolved by arbitration at the Vietnam International Arbitration Centre at the Vietnam Chamber or Commerce and Industry (VIAC) in accordance with its Rules of Arbitration.”
Parties may wish to consider adding:
a- the number of arbitrators shall be (one or three)
b- the place of arbitration shall be (city and/or country)
c- the governing law of the contract (is/shall be) the substantive law of ().*
d- the language to be used in the arbitral proceedings shall be ().**
Note:
* For disputes which involv a foreign element
** For dispute which involve a foreign element or disputes in which at least one party is an enterprise with foreign investment capital.
Other News
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....
Negotiation Skills of Best Lawyer in International Contract
Negotiation can be applied in many fields of life. Lawyers are consider as the professional negotiators. Dragon Law provide client with negotiation skills of best lawyer in Vietnam.
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 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.
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.
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.
Mediation Costs
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...
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.
Preparing for Successful Negotiation
Some preparation may be appropriate for conducting a successful negotiation.
.png)
