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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
For ease of reference and research into certain Latin terms used in international commercial arbitration, MCAC presents in this article 10 commonly used Latin terms in international commercial arbitration, compiled and introduced by Lawyer and Arbitrator Kieu Anh Vu.
At the headquarters of the Middle Commercial Arbitration Center (MCAC) in Da Nang City, Lawyer Tran Quang Huy – President of MCAC – met and held discussions with Dr. and Lawyer Le Thi Dung – Head of MCAC’s Representative Office in Hanoi – and Lawyer Kieu Anh Vu – Chairman of the Scientific Council and Head of MCAC’s Representative Office in Ho Chi Minh City.
However, there are many cases where the contract contains no arbitration clause, the arbitration clause fails to clearly identify the arbitral institution, or a disagreement arises as to the existence of an arbitration agreement. In such circumstances, a legal question arises: Can the exchange of a Statement of Claim and a Statement of Defence during the arbitral proceedings give rise to or establish an arbitration agreement?
The Middle Commercial Arbitration Center (MCAC) recommends that the parties in the contract use the following model arbitration clause: