Forms of Disputes and Methods of Resolution in Vietnam

Forms of Disputes and Methods of Resolution in VietnamDispute in Vietnam could arise between parties to a business transaction, such as the government of Vietnam and foreign investors, or between nations implementing international treaties.Vietnam's market economy developed in tandem with a significant increase in the breadth and depth of its economic ties, which have made Vietnam an important component of the global supply chain....

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When Labour Dispute over Bonus Issue Arise and How to Resolve?

When Labour Dispute over Bonus Issue Arise and How to Resolve?According to the provisions the Labor Code, the bonus, also known as the “other supplement”, is one of the main contents of the Labor Contract. Specifically, bonus is understood as a sum of money paid by an employer to the employees on the basis of annual business results and the level of work performance of employees. When the dispute arises, the employer or the employee could consult...

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How Probation is Regulated in Vietnam Labor Code?

How Probation is Regulated in Vietnam Labor Code?An agreement between an employee and employer for a probationary position for a predetermined amount of time in accordance with legal requirements is known as probation. Both the employer and the employee should go through a trial period before signing a labor contract to see if they can work together in the long run. The Labor Code and other relevant guidelines should be followed during the probation....

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How does the Vietnam Labor Code regulate probation?

How does the Vietnam Labor Code regulate probation?Probation is an understanding between a representative and a business on a trial work in a specific timeframe as per the arrangements of regulation. Both the employer and the employee should go through a trial period before signing a labor contract to see if they can work together in the long run. The Labor Code and other relevant guidelines should be followed during the probation. The Labor Code...

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How Really does Debate Settlement System of WTO Work

How Really does Debate Settlement System of WTO Work?The dispute settlement procedures used by the World Trade Organization (WTO) are based on the GATT 1947 dispute settlement rules, which have been in place for nearly 50 years. Finding a positive solution to the dispute is the fundamental goal of this dispute resolution method. Because Vietnam is a member of the World Trade Organization, it may use the WTO's dispute settlement mechanism in...

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Languages in Arbitration Proceedings in Vietnam

What are Languages in Arbitration Proceedings in Vietnam?Article 10 of the Vietnam Law on Commercial Arbitration says that if both parties are Vietnamese, the language used in arbitration proceedings to settle a dispute is Vietnamese, or a language agreed upon by both parties if one of them is a foreign-owned business. Specifically:Except for disputes in which at least one party is a foreign-invested enterprise, the language of arbitration is Vietnamese...

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When Arbitration Lawyers in Vietnam Could Settle a Dispute?

When Arbitration Lawyers in Vietnam Could Settle a Dispute?Under the Law on Business Mediation powerful Jan first, 2011, and other directions, on a basic level, discretion must be utilized in questions among parties that emerge from business exercises, debates among parties something like one of whom conducts business exercises, and different debates among parties which are specified by regulation to be settled by intervention in Vietnam. From drafting...

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What are the Arbitration Principles of Dispute Resolution?

What are the Arbitration Principles of Dispute Resolution?Arbitration, mediation, negotiation, and litigation are all methods of dispute resolution. For disputes to be resolved, a law firm in Vietnam needs dispute lawyers who have the expertise and experience necessary to resolve complex cross-border, commercial, and civil disputes.The following principles must be followed when settling a dispute in arbitration, according to Article 4 of...

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8 Important Steps Guide to Establish Company in Vietnam

8 Important Steps Guide to Establish Company in Vietnam It is possible for foreign investors to establish company in Vietnam. Foreign investors have the right to choose the appropriate forms of enterprise such as a limited liability company, joint stock company... with particular steps including: Step 1: Register the investment project to establish company in Vietnam Investors submit a registration file for an investment project to the...

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How Does the ASEAN Dispute Resolution Mechanism Work?

How Does the ASEAN Dispute Resolution Mechanism Work? Having an efficient means of resolving disagreements that arise between member nations has become an essential requirement as economic cooperation has grown. As a result, ASEAN has been working on a Protocol on a Dispute Settlement Mechanism since 1996. On November 20, 1996, ASEAN Economic Ministers signed the Protocol in Manila (Philippines). Dispute Settlement Mechanism of ASEAN The spirit...

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Methods of Dispute Settlement in International Trade

Methods of Dispute Settlement in International Trade When drafting international contracts in international trade, the parties typically pay little attention to the terms of dispute resolution and instead focus more on payment and expense terms. As a result, both parties ought to be aware that disagreements and disagreements can occur at any time. As a result, the parties to an international economic agreement ought to pay attention...

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