Working hour: Monday – Friday/8AM – 5PM
|Email: contact@mcac.vn
|Hotline: (+84) 935 925 068 - 0236 3656799
| Language:Điện thoại: (+84) 935 925 068
The Middle Commercial Arbitration Center (MCAC) was established under Decision No. .../BTP-GP dated... of the Minister of Justice and Decision No. .../QD-BTP date... of the Minister of Justice on the grant of license for establishment of Commercial Arbitration Center in Vietnam. The Department of Justice of Da Nang City issued the Certificate of Operation Registration No. .../TP-DKHD-TT dated... to MCAC.
115 Nguyen Van Linh, Hai Chau District, Da Nang City
contact@mcac.vn
(+84) 935 925 068
Monday – Friday/8AM – 5PM
7th floor, Muong Thanh building, 115 Nguyen Van Linh, Da Nang city
When considering commercial arbitration as a dispute resolution mechanism, many businesses often ask the following questions: Is arbitration expensive? Who is responsible for paying the arbitration costs? How are such costs determined? In practice, many businesses assume that resolving disputes through arbitration is always more costly than litigation before the courts. However, this perception does not fully reflect the nature of arbitration or the legal framework governing the determination and allocation of arbitration costs under the law and the procedural rules of each arbitral institution.
An arbitration clause directly impacts dispute resolution. Learn 5 common drafting mistakes and explore a model arbitration clause for businesses.
An ambiguous arbitration agreement may be understood as an agreement in which the parties have expressed their intention to resolve disputes through arbitration, but the wording, language, or content of the agreement is contradictory, insufficiently clear, lacking in transparency, or omits essential elements necessary to identify the applicable form of arbitration or a specific arbitral institution.
The Middle Commercial Arbitration Center (MCAC) recommends that the parties in the contract use the following model arbitration clause: