News

Cooperative agreement signing ceremony between VIAC and PCA

According to the singed Cooperative Agreement, VIAC would be joining the list of “appointing authorities” executing the appointment of arbitrators pursuant to the designation of the Secretary General of PCA. Additionally, hearings under PCA Rules of Arbitration held in Vietnam shall be organized and supported by VIAC. The Agreement also provided cooperative proposals between VIAC and PCA through co-hosting events and arbitration training courses.

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.