What are the advantages of including an arbitration clause compared to court proceedings

What are the advantages of including an arbitration clause compared to court proceedings?

Question: Dear Lawyer, in a contract, what are the advantages of including an arbitration clause compared to court proceedings? What costs might arise from choosing arbitration? Answer: Currently, dispute resolution methods are becoming more diverse and providing more options when disputes arise. One of the dispute resolution methods that has shown many advantages and gained […]

ICC Arbitration rules 2021 will bring beneficial changes to all parties involved

In an important development for businesses engaged in cross-border transactions, the International Chamber of Commerce has amended its arbitration rules effective January 1, 2021. The amendments are designed to increase the efficiency, flexibility, and transparency of ICC arbitrations, while largely maintaining the core provisions that have made the ICC one of the most popular international […]

DISPUTE RELATED TO BILLING AT VIETNAM INTERNATIONAL ARBITRATION CENTER

Question: Curently my company is having a problem with the Bill of Exchange at Vietnam International Arbitration Center. I would like SB Law to resolve this case, can you introduce me to your legal services? Thank you very much. Response: SB Law thank you for your interest in our legal consulting services. Regarding your questions, […]

Are parties required to select arbitrators within the list of arbitrators of VIAC when the dispute was agreed to be settled in accordance with the Rules of Arbitration of VIAC?

Regulation on coordination in resolution of International investment disputes in Vietnam

On April 08, 2020, The Prime Minister has signed Decision No 14/2020/QD-TTg on Promulgation of Regulation on coordination in Resolution of international investment disputes. Accordingly, international investment disputes are disputes arising from foreign investors' lawsuits against the Government, the State of Vietnam or State agencies or organizations authorized by State agencies to perform their functions […]