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 […]

What is the difference between arbitration and conciliation?

For arbitration, the parties shall select arbitrators. The selected arbitrators then shall resolve the dispute and render an arbitration award which is final and binding. For conciliation, a third party shall play the role of a conciliator helping the parties to resolve dispute through negotiation. The conciliator is not allowed to directly resolve the dispute and render a decision, […]