Under Article 14 of Law
on Commercial Arbitration, applicable laws for dispute settlement by arbitration in Vietnam
will be Vietnamese if the case involve no foreign element. If dispute involving
foreign invested enterprise, parties need to agree on language. If parties do
not have such language agreement for arbitration, the arbitration council will
decide. In particular:
Arbitration Lawyers in Vietnam
For a dispute involving
no foreign element, the arbitration council shall apply Vietnamese law for
settling the dispute.
For a dispute involving
foreign elements. the arbitration council shall apply the law selected by the
parties. If the parties have no agreement on the applicable law, the
arbitration council shall decide to apply a law it sees the most appropriate.
When the Vietnamese law
or law selected by the parties contains no specific provisions concerning the
dispute, the arbitration council may apply international practices for settling
the dispute, provided such application or consequence of such application does
not contravene the fundamental principles of Vietnam law.
ANT Lawyers – a Law
firm in Vietnam with international standard, local expertise and
strong international network. We focus on customers’ needs and provide clients
with a high quality legal advice and services. For advice or serive request,
please contact us via email ant@antlawyers.vn, or call us +84 24 730 86 529
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