Model Clause

Model Arbitration Clause

In drawing up contracts, the Vietnam International Arbitration Centre (VIAC) recommends that parties use the following Model Arbitration Clause or expedited procedure model clause
“Any dispute arising out of or in relation with this contract shall be resolved by arbitration at the Vietnam International Arbitration Centre (VIAC) in accordance with its Rules of Arbitration”.

Parties may wish to consider adding:

(a) the place of arbitration shall be [city and/or country].

(b) the governing law of the contract [is/shall be] the substantive law of [ ].*

(c) the language to be used in the arbitral proceedings shall be [ ].**

Note:

* For disputes which involve a foreign element.

** For disputes which involve a foreign element or disputes in which at least one party is an enterprise with foreign investment capital.

Expedited Procedure Model Clause

 “Any dispute arising out of or in relation with this contract shall be resolved by arbitration at the Vietnam International Arbitration Centre (VIAC) in accordance with its Rules of Arbitration. The parties agree that any arbitration commenced pursuant to this clause shall be conducted in accordance with the Expedited procedure set out in Article 37 of the VIAC Rules of Arbitration.”

Parties may wish to consider adding:

(a) the place of arbitration shall be [city and/or country].

(b) the governing law of the contract [is/shall be] the substantive law of [ ].*

(c) the language to be used in the arbitral proceedings shall be [ ].**

Note:

* For disputes which involve a foreign element.

** For disputes which involve a foreign element or disputes in which at least one party is an enterprise with foreign investment capital.

Experience In Various Cases

VIAC has rapidly grown to become the first choice of both national and international business community. VIAC' s disputing resolution statistics record parties from 63 states and territories, and from 50/63 provinces within Vietnam.

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