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Arbiters’ bill attracts international expertise
The Vietnam Barristers’ Association (VBA) has invited international experts to give recommendations and share experiences to an arbiters’ bill currently being drafted, in an effort to improve arbiters’ positions in resolving trade disputes in Vietnam.
To this end, an international workshop was held in Hanoi on Sept. 29 in association with the United Nations Development Fund under the chair of VBA President Pham Quoc Anh.
Its Permanent Deputy President and Secretary General Dao Tri Uc said that the concept of trade arbiters remain quite new in the eyes of businesspeople in Vietnam with the most important legal document to this regard currently limited to the Ordinance on Trade Arbiters.
The priority at the moment is to clarify the current position of the legal system regarding arbiters and make precise evaluations as to how the relevant legal documents have been applied to existing conditions to create a solid foundation for the application of an arbiters bill in Vietnam, Uc said.
The Head of the central province of Khanh Hoa laywers delegation, Nguyen Dinh Tho, highlighted the urgency to meet demand for solving economic disputes through arbiters.
He said that the replacement of the existing ordinance by an Arbiters Law would contribute to upgrading the Vietnamese legal system to meet international standards and comparing it with those in other countries around, particularly that of Hong Kong and Singapore as its models.
VNA
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