News

Transshipment risks for steel makers

The process, known as transshipment, requires manufacturers to set up a plant in Vietnam or collaborate with Vietnamese factories. This year, transshipment has reared its head as a major cause of the US-China tensions, and Vietnam is now caught in the middle.

Hong Kong court refuses to enforce an arbitral award on the basis of violation of public policy

Leave to enforce the Award was originally granted by the CFI on 28 August 2017 as part of the standard procedure in an  ex parte  application for leave.  The Respondent then applied to the CFI to set aside the enforcement order on the following grounds.

Signing of co-operation agreement with CIArb and ICDR/AAA

Mitigating investment risk – treaty planning and damages claims against state entities

More generally, claims brought by financial institutions may also arise from interest in an investment (such as an oil, gas or mining concession) where the host state passes legislation nullifying or modifying the relevant contract, or interferes with performance of the contract or breaches it, or indeed where the state expropriates the investment in its entirety.

[VIAC] Upcoming Events 2018

Firms suggested using mediation to resolve commercial disputes

Phan Trong Dat, Deputy Secretary General of the Vietnam International Arbitration Centre (VIAC) and Deputy Director of the VMC, said mediation is appropriate for Asian culture since Asians prefer to settle disputes in a peaceful way.

Simplified procedure for foundation of standard LLCs

According to legislative materials, 38% of all newly founded LLCs meet the requirements to be considered as a standard LLC. However, the proposed amendments do not particularly benefit start-ups as such companies rarely have just one founder.

Taxation of bitcoin and other cryptocurrencies26/07/2018 14:34

Cryptocurrencies are an exciting development. The potential for blockchain technology is limitless. However, along with the rewards come a variety of risks, not least of which is tax. Failure to comply with all applicable tax obligations can result in severe penalties and hefty arrears interest.

Launching Ceremony of Vietnam Mediation Centre and the Official Release of VMC Mediation Rules 2018

In 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.