SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom – Happiness
Hanoi, January 15th , 2004
DETAILING THE IMPLEMENTATION OF A NUMBER OF ARTICLES OF THE ORDINANCE ON COMMERCIAL ARBITRATION
Pursuant to the December 25, 2001 Law on Organization of the Government;
Pursuant to the February 25, 2003 Ordinance on Commercial Arbitration;
At the proposal of the Minister of Justice,
Article 1.- Scope of regulation
This Decree details the implementation of a number of articles of the Ordinance on Commercial Arbitration (hereinafter called the Ordinance for short) regarding the competence of commercial arbitration; the order and procedures for the establishment, registration and termination of operation of Arbitration Centers as well as those for the establishment of branches and representatives offices thereof; court fees related to arbitration; handling of violations and State management over arbitration.
Article 2.- Competence of commercial arbitration
Commercial arbitration shall have the competence to handle disputes arising in commercial activities defined in Clause 3, Article 2 of the Ordinance with the disputing parties being business individuals or business organizations.
Disputes shall be settled through arbitration if the involved parties reach an arbitration agreement before or after the disputes arise.
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