VTA Model Clause - Trung tâm Trọng tài Thương nhân Việt Nam

Rules of Arbitration

The Rules of Arbitration of VTA shall apply to resolve disputes at the Vietnam Traders Arbitration Centre.

Model Arbitration Clause

VTA recommends that parties use the following Model Arbitration Clause

Cost of Arbitration

Schedule of Arbitration costs of VTA, effective from July 20, 2018

List of Arbitrators

The arbitrators on VTA's list are experts committed to upholding the RAPID values in arbitration and mediation activities at VTA

Arbitration Agreements

The 1985 New York Convention requires the courts of member states to give full effect to arbitration agreements by refusing to hear disputes when the parties have entered into an arbitration agreement.

Model Arbitration Clause

In drawing up contracts, the Vietnam Traders Arbitration Centre (VTA) recommends that parties use the following Model Arbitration Clause or expedited procedure model clause:

14:39 8/8/2024 by VTA

“Any dispute arising out of or in relation with this contract shall be resolved by arbitration at the Vietnam Traders Arbitration Centre (VTA) in accordance with its Rules of Arbitration”.

Parties may wish to consider adding:

(a) the number of arbitrators shall be [one or three]

(b) the place of arbitration shall be [city and/or country]

(d) the language to be used in the arbitral proceedings shall be [ ].**

Note:

* For disputes which involve a foreign element.

** For disputes which involve a foreign element or disputes in which at least one party is an enterprise with foreign investment capital.