Ambiguous rules dent foreign arbitration process
July 19, 2023 | 10:22
In foreign arbitration cases in Vietnam, the party that wins the arbitration may not always prevail due to a paradox within the recognition and enforcement process. Before a foreign arbitral award can be executed in Vietnam, it must undergo a procedure of recognition and enforcement at a Vietnamese court. Only upon recognition by the Vietnamese court can the award be enforced as a judgment or decision.
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