- Asia
Vietnam: Refusal to enforce a foreign arbitral award on the ground of violation of fundamental principles of the laws of Vietnam
Vietnam is a member of the New York Convention 1958 on Recognition and Enforcement of Foreign Arbitral Awards(NYC), and there is legal framework therefor under the Civil Procedure Code of Vietnam (CPC). Under the CPC, a foreign arbitral award may be refused to enforce in Vietnam if its enforcement constitutes “violation of fundamental principles of the laws of Vietnam”. 1. Legal Framework For now, there is no official detailed guidance regarding the case where the enforcement of a foreign arbitration constitutes “violation of fundamental principles of the laws of Vietnam”. (1) However, the procedure for the recognition and enforcement is also necessary for the enforcement of domestic arbitration awards, and it is rejected for the enforcement if its enforcement constitutes...To read the full article, please see the PDF file
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Asia Newsletter (July 12, 2022) (1.24 MB / 5 pages)
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Clients value Isamu’s unique insight into the challenges and uncertainties that they face in a dynamic, growing region. In addition to his experience in Vietnam, he has practiced in Tokyo and various other Asian locations, including a secondment to an Indian law firm. He is known for leveraging his international experience and cultural insights into the local legal and commercial practices to resolve complex, cross-border legal issues in a timely manner, working closely with local counsel. He advises on investments at all stages, from inception to post-closing operations, as well as dispute resolution.