When
Arbitration Could Settle a Dispute in Vietnam?
Under the
Law on Commercial Arbitration effective Jan 1st, 2011, and other
guidance, in principle, arbitration could only be used in disputes among
parties which arise from commercial activities, disputes among parties at least
one of whom conducts commercial activities, and other disputes among parties
which are stipulated by law to be settled by arbitration in
Vietnam. Lawyer should be consulted for arbitration from drafting
arbitration agreement to resolving the arisen dispute.
Arbitral
tribunals are entitled to resolve the disputes mentioned above if the concerned
parties have a valid arbitration agreement agreed, before or after the dispute
arise.
When the
court is requested to resolve one of the disputes of the above types which a
valid arbitration agreement exists, the court shall examine documents enclosed
with the petition to determine and if the court finds that the dispute is
under an arbitration agreement and such arbitration agreement is valid the
court shall issue a decision to terminate the adjudication, return
the petition and documents.
The
dispute shall be handled by the court though it is under an arbitration
agreement, unless otherwise agreed by the parties concerned or prescribed by
law: the court issues a decision to annul the arbitral award or the decision
made by the arbitral tribunal; or there is a decision to suspend the arbitral
tribunal or arbitration center from resolving disputes; or the arbitration
agreement is not viable.
ANT
Lawyers - a Law
firm in Vietnam with international standard, local expertise
and strong international network. We focus on customers’ needs and provide
clients with a high quality legal advice and services. For advice or service
request, please contact us via email ant@antlawyers.vn, or call us +84 24 730
86 529.
Arbitration lawyers at ANT Lawyers - Law firm in Vietnam with accreditation in national and international arbitration practice
could help providing legal advice in disputed matters, and guide the clients
throughout the process. The arbitration lawyers in Vietnam could also advise the clients on various matters from
choice of arbitrator, choice of arbitration rules, ad-hoc or institutional
arbitration, place of arbitration, enforcement of arbitral award.





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