2016 | Agosto 6
The number of business disputes brought to commercial arbitration has been increasing steadily. Around 146 cases were resolved at VIAC (Vietnam International Arbitration Center) in 2015, while 80 cases were resolved in the first half of 2016.
In the past, bringing cases to the court was the top priority for businesses. In many cases, involved parties did not respect the decisions made by arbitrators, even though the contracts signed between them showed that disputes would be settled at arbitration centers.