What is the advantages of arbitration?
First, arbitration is flexible and independent of the court. During the process of arbitration proceedings, parties are free to appoint arbitrators and agree upon the procedure of the arbitration, such as language of the arbitration, place of the arbitration, applicable law, ect. Second, arbitration is able to protect trade secrets and confidential information of the disputes as […]
Which disputes can be resolved by arbitration?
According to Article 2 of The Law on Commercial Arbitration of Vietnam in 2010 (hereinafter “The Arbitration Law 2010”), arbitration has competence in resolving the following disputes: 1.Disputes between parties arising from commercial activities. 2.Disputes arising between parties at least one of whom is engaged in commercial activities 3. Other disputes between parties which the law stipulates that […]
What is Commercial Arbitration?
Commercial Arbitration is a method to resolve disputes arising from commercial activities agreed by the parties and conducted in accordance with the provisions of law. The dispute resolution can be conducted by the Arbitration Tribunal of an arbitration centre or established by the parties. If you would like further information on What is Commercial Arbitration?, please either email […]