Resolving trade disputes, Court or Arbitration?

Resultado de imagen de trade2016 | Agosto 31
When both court and arbitration have jurisdiction over the resolution of disputes arising from the performance of commercial contracts, selecting the appropriate mode of resolution will help the parties ensure the benefits of the process and save a lot of time, effort and money.

Having said the above, the Commercial Arbitration Act 2010 allows the court the right to cancel an arbitral award in special cases upon request from the litigants. In this case, once an award is declared canceled, the parties may agree to bring the dispute to arbitration for resolution, or one party may initiate court proceedings.

Origen: Resolving trade disputes, Court or Arbitration? – Politics & Laws – Talking law – Vietnam News | Politics, Business, Economy, Society, Life, Sports – VietNam News

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