HCM City (VNA) – A consultation workshop was held in Ho Chi Minh City on June 15 onthe study report on provisions of the UNCITRAL Model Law regarding the recognitionand enforcement of arbitral awards.
Co-organisedby the Ministry of Justice, UNDP Vietnam and the British Embassy in Hanoi, theevent gathered representatives from People’s Courts, civil judgementenforcement authorities in southern cities and provinces, commercialarbitration centres and lawcompanies.
The workshopaims to collect comments from experts on the draft report and discuss thepossibility of applying these provisions of the UNCITRAL Model Law in Vietnamfrom diverse perspectives of various experts.
In addition,the workshop shared and discussed international experiences on the applicationand implementation of the provisions of the UNCITRAL Model Law regarding therecognition and enforcement of arbitral awards, thereby proposing recommendationsto Vietnam.
"Thesettlement of commercial disputes through arbitral awards is an internationalpractice applied by many countries around the world,” said Catherine Phuong, UNDPVietnam Assistant Resident Representative. “However, this mechanism can only beeffective if the decisions of arbitral awards are recognized and enforced bynational courts.”
The workshopis one of the key activities of the Government and Business IntegrityInitiative (GBII) implemented by VCCI under the UNDP’s Regional Project“Promoting A Fair Business Environment in ASEAN”.
This project,run until 2021, aims to support the development of transparent mechanisms inboth public and private sectors, strengthening the rule of law, preventingcorruption, and promoting accountable business models./.
Co-organisedby the Ministry of Justice, UNDP Vietnam and the British Embassy in Hanoi, theevent gathered representatives from People’s Courts, civil judgementenforcement authorities in southern cities and provinces, commercialarbitration centres and lawcompanies.
The workshopaims to collect comments from experts on the draft report and discuss thepossibility of applying these provisions of the UNCITRAL Model Law in Vietnamfrom diverse perspectives of various experts.
In addition,the workshop shared and discussed international experiences on the applicationand implementation of the provisions of the UNCITRAL Model Law regarding therecognition and enforcement of arbitral awards, thereby proposing recommendationsto Vietnam.
"Thesettlement of commercial disputes through arbitral awards is an internationalpractice applied by many countries around the world,” said Catherine Phuong, UNDPVietnam Assistant Resident Representative. “However, this mechanism can only beeffective if the decisions of arbitral awards are recognized and enforced bynational courts.”
The workshopis one of the key activities of the Government and Business IntegrityInitiative (GBII) implemented by VCCI under the UNDP’s Regional Project“Promoting A Fair Business Environment in ASEAN”.
This project,run until 2021, aims to support the development of transparent mechanisms inboth public and private sectors, strengthening the rule of law, preventingcorruption, and promoting accountable business models./.
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