Launching Ceremony of Vietnam Mediation Centre and the Official Release of VMC Mediation Rules 2018
Oct 26, 2019In the ceremony, VMC proudly introduced its first 11 Mediators who are also reputable experts in many fields of commercial activities to be listed in the VMC’s List of Mediators. The List is expected to be good recommendations for disputing parties for their selection of mediator(s) and shall be expanded with more brilliant faces in near future.
Vietnam launches mediation centre for trade-related issues
Oct 26, 2019According to Mr. Tran Huu Huynh, President of the VIAC, Vietnam is considered a country with high and stable economic growth in the region and in the world. The Vietnamese Government has made a number of strong commitments and actions to reform in a more facilitative fashion, aiming to build a favourable business climate for investors, including the finalisation of a legal framework for the methods of settling trade disputes.
Mediation and Arbitration: The Differences
Oct 26, 2019Mediation and commercial arbitration are two alternate dispute resolutions (outside courts) recognized by Vietnamese Rules. According to the law, these methods are based on the voluntariness of the agreement between each party and are enforced by number of rules such as: Resolution No.22/2017/NĐ-CP about Mediation and Commercial Arbitration Rules 2010.
VIAC encourages alternative dispute resolutions
Oct 26, 2019The conference, named ‘Benefits and Challenges of Using ADR for Banking Disputes’, focused on the principles, conditions and procedures of commercial mediation as an ADR method, as well as the conditions for establishment of mediation centres in Viet Nam and the implementation of Decree 22 on commercial mediation, which has been in effect since April 15, 2017.
