The proportion of FDI enterprises choosing to use commercial arbitration in cases of dispute is 40%.
The information was announced by Phan Trong Dat, Deputy Secretary General of the Vietnam International Arbitration Center (VIAC), at a seminar themed ‘Commercial Arbitration – Increasing confidence in Foreign Direct Investment’ in Hanoi in May.
The seminar focused on discussing the necessity and efficiency of the commercial arbitration method, as one of the most effective ways of resolving disputes related to FDI enterprises.
The seminar is divided into three sessions with the main contents including: An update on the situation of commercial arbitration in Vietnam and around the world; Commercial Arbitration - A new element worth noting is to help to attract foreign direct investment; Commercial arbitrage is a useful tool for controlling business risk.
The event is considered to be an important forum for lawyers and leading experts to share knowledge with enterprises and help Vietnamese enterprises to better understand and more effectively use the commercial arbitration method. Commercial arbitration is an effective tool in preserving capital inflows from legal risks in business investment.
More than 100 delegates from FDI enterprises, counterpart enterprises, potential partners with FDI enterprises, many prestigious lawyers, and representatives from state management agencies attended the seminar.NDO