Commercial mediation is increasingly chosen by businesses as a dispute resolution mechanism due to its flexibility, confidentiality, and potential to preserve business relationships. However, alongside its notable advantages, commercial mediation also has certain limitations, particularly in terms of legal enforceability and binding effect. A thorough understanding of both the strengths and drawbacks of this method […]
Arbitration is an increasingly favored method for resolving commercial disputes in Vietnam, offering a quicker, cost-effective alternative to court proceedings. This article provides an overview of Vietnam’s arbitration laws to help you understand this dispute resolution option. The main legal framework governing arbitration in Vietnam is the Law on Commercial Arbitration No. 54/2010/QH12, which came […]