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What is arbitration charge?
Based on Clause 1, Article 34 of đá bóng trực tiếpLaw on Commercial Arbitration 2010, it is stipulated as follows:
arbitration charge
1. arbitration charge refers to đá bóng trực tiếp charges collected for providing arbitration services for dispute resolution. đá bóng trực tiếp arbitration charge includes:
a) Remuneration of đá bóng trực tiếp arbitrator, travel expenses, and other expenses for đá bóng trực tiếp arbitrator;
b) Fee for consulting specialist and other assistance as requested by đá bóng trực tiếp arbitration council;
c) Administrative fee;
d) Fee for appointing đá bóng trực tiếp arbitrator for a specific case by đá bóng trực tiếp arbitration center upon đá bóng trực tiếp request of đá bóng trực tiếp disputing parties;
đ) Fee for utilizing other utility services provided by đá bóng trực tiếp arbitration center.
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Thus, it can be seen that đá bóng trực tiếp arbitration charge refers to đá bóng trực tiếp charges collected for providing arbitration services for dispute resolution.
What is arbitration charge? Do branches of foreign arbitration institutions in Vietnam have đá bóng trực tiếp right to collect arbitration charges?(Image from đá bóng trực tiếp Internet)
Which authority shall set đá bóng trực tiếp arbitration charge in Vietnam?
Based on Clause 2, Article 34 of đá bóng trực tiếpLaw on Commercial Arbitration 2010, it is stipulated as follows:
- đá bóng trực tiếp arbitration charge is determined by đá bóng trực tiếp arbitration center. In cases where disputes are resolved by ad hoc arbitration, đá bóng trực tiếp arbitration charge is determined by đá bóng trực tiếp arbitration council.
- đá bóng trực tiếp losing party must bear đá bóng trực tiếp arbitration charge unless đá bóng trực tiếp parties have a different agreement, or đá bóng trực tiếp arbitration procedural rules specify otherwise, or đá bóng trực tiếp arbitration council allocates differently.
Thus, it can be seen that đá bóng trực tiếp arbitration charge is determined by đá bóng trực tiếp arbitration center. In cases where disputes are resolved by ad hoc arbitration, đá bóng trực tiếp arbitration charge is determined by đá bóng trực tiếp arbitration council.
Additionally, this issue is further stipulated in Article 28 of đá bóng trực tiếpLaw on Commercial Arbitration 2010regarding đá bóng trực tiếp rights and obligations of đá bóng trực tiếp arbitration center, including đá bóng trực tiếp right to collect arbitration charges as follows:
- Develop đá bóng trực tiếp charter and procedural rules of đá bóng trực tiếp arbitration center in line with đá bóng trực tiếp provisions of this Law.
- Establish standards for arbitrators and đá bóng trực tiếp process for selection, listing arbitrators, and delisting arbitrators from their organization.
- Submit đá bóng trực tiếp list of arbitrators and changes to đá bóng trực tiếp list of arbitrators of đá bóng trực tiếp arbitration center to đá bóng trực tiếp Ministry of Justice for publication.
- Appoint arbitrators to establish đá bóng trực tiếp arbitration council in cases specified by this Law.
- Provide arbitration services, mediation, and other commercial dispute resolution methods according to legal regulations.
- Provide administrative, office, and other services for dispute resolution.
- Collect arbitration chargesand other lawful fees related to arbitration activities.
- Pay remuneration and other expenses to đá bóng trực tiếp arbitrators.
- Organize training to enhance đá bóng trực tiếp level and skills of dispute resolution for arbitrators.
- Submit annual periodical reports on đá bóng trực tiếp activities of đá bóng trực tiếp arbitration center to đá bóng trực tiếp Department of Justice where đá bóng trực tiếp arbitration center is registered.
- Keep records, provide copies of arbitration decisions as requested by disputing parties or competent state agencies.
Do branches of foreign arbitration institutions in Vietnam have đá bóng trực tiếp right to collect arbitration charges?
Based on Article 76 of đá bóng trực tiếpLaw on Commercial Arbitration 2010, it is stipulated as follows:
Rights and Obligations of đá bóng trực tiếp Branches of foreign arbitration institutions in Vietnam
1. Lease premises, hire, or purchase đá bóng trực tiếp necessary means and supplies for đá bóng trực tiếp operation of đá bóng trực tiếp branch.
2. Employ Vietnamese and foreign workers to work at đá bóng trực tiếp branch in accordance with Vietnamese law.
3. Open accounts in Vietnam Dong and foreign currencies at banks authorized to operate in Vietnam for đá bóng trực tiếp branch's activities.
4. Transfer branch income abroad in accordance with Vietnamese law.
5. Have a seal bearing đá bóng trực tiếp branch's name as prescribed by Vietnamese law.
6. Appoint arbitrators to establish đá bóng trực tiếp arbitration council as authorized by đá bóng trực tiếp foreign arbitration organization.
7. Provide arbitration services, mediation, and other commercial dispute resolution methods according to legal regulations.
8. Provide administrative, office, and other services for dispute resolution by đá bóng trực tiếp foreign arbitration council.
9. Collect arbitration charges and other lawful revenues.
10. Pay đá bóng trực tiếp arbitrators' remuneration.
11. Organize training to improve đá bóng trực tiếp level and skills in dispute resolution for arbitrators.
12. Store records and provide copies of arbitration decisions as requested by disputing parties or competent state agencies of Vietnam.
13. Operate in đá bóng trực tiếp field specified in đá bóng trực tiếp Establishment License, đá bóng trực tiếp Operating Registration Certificate.
14. Comply with Vietnamese law related to đá bóng trực tiếp branch's activities.
15. Submit annual periodical reports on đá bóng trực tiếp branch's activities to đá bóng trực tiếp Department of Justice where đá bóng trực tiếp branch is registered.
Thus,it can be seen that đá bóng trực tiếp branches of foreign arbitration institutions in Vietnam have đá bóng trực tiếp right to collect arbitration charges as per đá bóng trực tiếp regulations.