• Title/Summary/Keyword: VIAC Arbitration Rules

Search Result 2, Processing Time 0.013 seconds

A Study on the Utilization and Characteristics of Vietnam's Arbitration System in the FTA Era (FTA시대 베트남 중재제도의 특징과 활용방안에 관한 연구 - VIAC 중재규칙과 KCAB 국제중재규칙 비교를 중심으로 -)

  • Kim, Sung-Ryong
    • Journal of Arbitration Studies
    • /
    • v.30 no.2
    • /
    • pp.23-42
    • /
    • 2020
  • The purpose of this study is to analyze the characteristics of Vietnam's arbitration system and to present measures that companies can utilize in practice. This research considers KCAB International Arbitration Rules, focusing on amendments to the Decree on Vietnam Commercial Arbitration Act and amendments to the VIAC Arbitration Rules. To sum up some features, the decree on the Commercial Arbitration Act simplified the registration procedures for arbitration centers and their branches and made the publication of court decisions and the recognition of the approval and execution of foreign arbitration courts, thereby enhancing transparency. First of all, the decree on the Commercial Arbitration Act simplified registration procedures for arbitration centers and their branches. In addition, the court strengthened transparency by officially announcing court judgments, recognition, and decisions. Next, there are some points to note in the arbitration rules of the VIAC. First of all, the rules of expedited procedure lack clarity. Next, parties should make a separate document for counterclaim and submit it with a statement of defense. In addition, the arbitral language may choose multiple languages by the Arbitral Tribunal unless the parties agree. Therefore, companies need to take a closer look at their understanding of the international arbitration system, which is mainly used in international disputes, and the characteristics of the Vietnamese arbitration system.

A Study on the differences of Arbitration System and Customs of Major Countries in Korea-ASEAN FTA (한·아세안 FTA 주요국 통관 및 중재제도 비교연구)

  • Kim, Sung-Ryong
    • Journal of Arbitration Studies
    • /
    • v.29 no.4
    • /
    • pp.141-164
    • /
    • 2019
  • The purpose of this paper is to examine the customs clearance and arbitration systems of Vietnam, Indonesia, and Thailand, from among ASEAN countries, and to present the practical implications. This paper analyzes the customs and arbitration systems through a literature review by collecting data from papers, research reports, and laws and regulations related to Vietnam, Indonesia, and Thailand. There are significant differences between these countries in relation to customs and payment of customs duties. Also, they have different procedures for the appointment of arbitrators if there is no agreement by the parties as to the number of arbitrators. Therefore, a comparison of the arbitration system and customs clearance procedures in ASEAN countries is timely and necessary, and there is a need for more research to be conducted in the future.