The Current Status of Law on Commercial Arbitration Agreements: A Qualitative Study from Vietnam
Abstract
In Vietnam, arbitration is a method of resolving disputes in commercial business, established on the principle of voluntariness and agreement of the parties, to anticipate conflicts that may arise or have arisen. Creating a solid legal corridor to protect the legitimate rights and interests of the parties based on equality and voluntariness between subjects participating in transactions and contracts related to commercial business to agree to resolve disputes by commercial arbitration is necessary to contribute to the effective implementation of foreign investment capital collection policies in Vietnam. Through qualitative research methods, the authors will focus on clarifying the legal situation and pointing out inadequacies in legal regulations in Vietnam related to issues such as (i) the effectiveness of arbitration agreements and (ii) the form of arbitration agreements. From there, we propose recommendations to improve the law in Vietnam related to commercial arbitration agreements.
Keywords: agreement; effect; form; commercial arbitration
https://doi.org/10.55463/issn.1674-2974.51.8.7
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