Commercial arbitration services, arbitration mediation services (CPC 86602)
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INDUSTRY, SUB-SECTOR | CONDITIONS RESTRICTING MARKET ACCESS | LEGAL GROUNDS |
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Commercial arbitration services, arbitration mediation services (CPC 86602) |
1. Provisions in the Agreements: Not limited to Arbitration and Mediation Services (CPC 86602), except for arbitration and mediation services for commercial disputes between businesses.
The head of the branch must be a permanent resident in Vietnam. In addition, according to the CPTPP , Vietnam reserves the right to adopt and maintain any measure related to these sub-sectors.
2. Law of Vietnam – Foreign commercial mediation organizations operate in Vietnam in the following forms: a) Branches of foreign commercial mediation organizations (hereinafter referred to as branches); b) Representative office of a foreign commercial mediation organization (hereinafter referred to as representative office). – An arbitration center is established when there are at least five founders who are Vietnamese citizens who are eligible to act as arbitrators specified in Article 20 of the Law on Commercial Arbitration and are proposed by the Minister of Justice Issuance of establishment license. |
– WTO, AFAS, VJEPA, VKFTA, EVFTA, CPTPP – Law on Commercial Arbitration 2010 – Decree No. 22/2017/ND-CP dated February 24, 2017 of the Government on commercial mediation. |