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Correctly determining the procedural status of parties is one of the essential conditions for ensuring the legality of dispute resolution through arbitration. If a person or entity that does not possess rights or obligations in the disputed legal relationship is improperly identified as a claimant or respondent, such misidentification may directly affect the parties’ right to be heard and may also constitute grounds for setting aside an arbitral award pursuant to Point (b), Clause 2, Article 68 of the 2010 Law on Commercial Arbitration (“LCA”).
An analysis of Decision No. 1062/2022/QĐ-PQTT issued by the Ho Chi Minh City People's Court concerning the annulment of an arbitral award due to procedural violations and inconsistency with the fundamental principles of Vietnamese law.
Does a respondent's silence or absence in commercial arbitration mean a forfeiture of their right to self-defense? Discover the legal consequences under Vietnam's LCA 2010.
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.