Mitigating investment risk – treaty planning and damages claims against state entities
Oct 26, 2019More 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
Oct 26, 2019Firms suggested using mediation to resolve commercial disputes
Oct 26, 2019Phan 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
Oct 26, 2019According 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
Oct 26, 2019Cryptocurrencies 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
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.
1st International ADR Conference at the Dusit Thani
Oct 26, 2019In the conference, Mr. Phan Trong Dat (VIAC Vice General Secretary) presented about the enforcement of Mediated Settlement Agreement in Vietnam. Dat supposed that the enforceability of mediated settlement agreements is maybe the most important factor contributing to the success of mediation.
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.
Many FDI firms choose commercial arbitration in resolving disputes
Oct 26, 2019Mr. Phan Trong Dat, Deputy Secretary General of the Vietnam International Arbitration Centre (VIAC) said at a recent seminar that the rate of disputes in Vietnam has increased in the last three years with over a half of commercial arbitration cases at VIAC being resolved in foreign languages (mainly English).