News

VIAC and International Court of Arbitration ICC co-operates in Better Dispute Resolution, Better International Business

22/05/2017 17:22

On 18 May 2017, Vietnam International Arbitration Centre (VIAC) co-operated with ICC International Court of Arbitration to organize the “Better Dispute Resolution, Better International Business” Seminar. This seminar has attracted different representative from various business sectors, lawyers together with media and presses.

The recent years has witnessed a considerable increase in global integration of many free trade agreements (FTA). Especially, the new generation of FTAs has been promised to foster a strong development, closer connection with sustainable development and quick adaptation to global challenges. Following that trend, VIAC has increased its global presence in the last 3 years by: attending and presenting in international conferences, co-operating to organize international seminars with many other international arbitration centres, such as the ICC International Court of Arbitration, Singapore International Arbitration Centre (SIAC), Korean Commercial Arbitration Board (KCAB), Hong Kong International Arbitration Centre (HKIAC), Asia Pacific Regional Arbitration Group (APRAG) and other big arbitration groups and associations in the region.

 

Overview of the seminar

As an opening remark, Mr. Vu Xuan Phong – Vice President of VIAC said: “The international commercial activities have increased remarkably recently within the region and across the world. With that, the co-operation between arbitration organizations is inevitable. Therefore, I hope the relationship between VIAC and the ICC International Court of Arbitration will be stronger to create a friendly environment for on dispute resolution.”

 

Mr. Vu Xuan Phong – Vice President of VIAC

Mr. Andrea Carlevaris agreed on the point and added that: “The competition between arbitration centres has been increasing significantly. However, it is not necessarily a bad trend. A healthy competition will drive us forward to improve our services, perfect our dispute resolution procedure and strengthen our ability to adapt to global challenges”

 

Mr. Andrea Carlevaris – Secretary General of Internation Court of Arbitration ICC

VIAC and International Court of Arbitration ICC both agreed to make some changes in their Rules of Arbitration. These changes originated from practical dispute resolution cases in various arbitration centres to serve enterprises better.

Mr. Phan Trong Dat, Deputy Secretary General of VIAC emphasize: “In VIAC, listening to all parties and understanding all challenges of enterprises is the foundation in our development. We center our activities around enterprises, make our clients become the core value in our long term plan.” The new rules are expected to bring positive effects to arbitration procedure, especially with the Expedited Procedure which is expected to resolve dispute effectively, quickly and will not affect the activities and relationship between companies.

The year 2016 witnessed a significant growth of international arbitration being reflected in the rapid increase in the number of disputes specialized in the construction sector. Southeast Asia is one of the strongest areas in this general trend. To be known as a region with a lot of competitions and thriving commercial activities, Southeast Asia is always a diversified market, an investment opportunity. However, this region also has potential risks, even a complex one which leads to negative consequences for the business. With outstanding advantages, commercial arbitration will be regarded as an useful, trusted and supportive tools for business community.

The seminar was also an open international forum with many discussion from not only experts but also attendances. Intensive issues discussed openly at the seminar play an important roles to identify and remove current problems in the commercial arbitration proceeding.

Trong hình ảnh có thể có: 6 người, mọi người đang ngồi và trong nhà  Trong hình ảnh có thể có: 4 người, mọi người đang ngồi và mọi người đang đứngTrong hình ảnh có thể có: 5 người, mọi người đang ngồi và trong nhà  Trong hình ảnh có thể có: 4 người

As a longstanding arbitration institution and the determination to be a pioneer in the field of dispute resolution in Vietnam and the world, VIAC and ICC will continue our mission to build a foundation, provide effective dispute resolution and useful legal information for business community. 

 

VIAC and ICC representatives at the event.


Download Seminar document here

Download Photo here

Share Post
SOME OTHER NEWS
  • VIAC encourages alternative dispute resolutions 14/06/2017 16:49

    The 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.

  • VIAC to attend 51 years anniversary of Korean Commercial Arbitration Board 31/03/2017 11:21

    On 22 March 2017, Mr. Phan Trọng Đạt – Deputy Secretary General of Vietnam International Arbitration Centre (VIAC) has paid a visit to Korea, where he attended the International Arbitration Conference and the 51st anniversary of Korean Commercial Arbitration Board (KCAB).

  • VIAC Rules of Arbitration 2017 - The Highlight 18/03/2017 11:02

    On February 3, 2017, Viet Nam International Arbitration Centre (VIAC) has released the Rules of Arbitration – 2017 edition (the Rules 2017). This is the new Rules of Arbitration which shall enter into force as from March 1, 2017 and replace the previous edition of 2012.

  • The new VIAC Rules of Arbitration 2017 14/03/2017 09:03

    “VIAC 2017 Rules of Arbitral Proceedings are the first arbitration code of Vietnam introduced to meet legislative changes stated in Resolution 01/2014/ HDTP/TANDTC dated March 22, 2014 on inclusion of legal relations in general settlement of a dispute.”

  • Vietnam: Official Release of the VIAC Rules 2017 14/03/2017 09:00

    On 3 February 2017, the Vietnam International Arbitration Centre (VIAC) officially released the new 2017 VIAC Arbitration Rules (VIAC Rules 2017), which is scheduled to come into effect on 1 March 2017. Compared to the current Rules of Arbitration of VIAC which has been in force from 1 January 2012, the VIAC Rules 2017 aim at ironing out concerns during the arbitration procedures while further adapting to the international norms in order to better promote arbitration as a alternative dispute resolution mechanism in Vietnam.

  • The Annoucement for Official Release of VIAC Rules of Arbitration 2017 24/02/2017 15:21

    The Announcement took place with the presence of over 100 participants coming from the Government, Business associations, big law firms and leading enterprises in Vietnam and attracted the huge interests of media. The Announcement was to introduce new contents of the VIAC Rules of Arbitration 2017 (“VIAC Rules 2017”), provided the audiences with useful information related to the dispute resolution mechanism of commercial arbitration in Vietnam in general and at VIAC in particular. 

  • Series of Vietnamese exporters fall prey to Canadian scammer company 17/01/2017 15:14

    The Vietnamese Association of Seafood Exporters and Producers (VASEP) claimed several Vietnamese seafood exporters have been cheated out of hundreds of thousands of dollars in their transactions with Echopack Inc. based in Quebec, Canada. a

  • Seminar "Risk management and offshore debt prevention in free trade" 27/12/2016 08:18

    Speaking at Risk Management and Offshore Debt Prevention in Free Trade seminar, Quyền Anh Ngọc of the Ministry of Industry and Trade’s Multilateral Trade Policy said existing and future free trade agreements would bring great opportunities for Vietnamese firms to boost exports and enter the global supply chain.

    REGISTER EMAIL WITH VIAC