More businesses choose arbitration instead of going to courtThe number of dispute cases resolved at VIACIn many cases, involved parties did not respect the decisions made by arbitrators, even though the contracts signed between them showed that disputes would be settled at arbitration centers. However, this does not mean that arbitration is the choice of the majority of businesses.Hai commented that in many cases, Vietnamese businesses only chose arbitration for dispute settlement because their foreign partners requested this. VietNamNet Bridge - The number of business disputes brought to commercial arbitration has been increasing steadily. Businesses can also negotiate with each other to shorten the dispute time.In principle, the request by involved parties to cancel arbitrators’ rulings is still ensured. In some cases, it took 24 days only to make a judgement.Before signing agreements with arbitration centers, enterprises have the right to know about the service fee they have to pay.

Source: VietNamNet News August 06, 2016 06:56 UTC