Cases of termination of operation of branches of arbitration centers in Vietnam

According to Article 18 of Decree No. 63/2011/NĐ-CP of Vietnam’s Government, a branch of an arbitration center shall terminate its operation in the following cases:

- Under the arbitration center’s decision on termination of operation of its branch;

- The arbitration center terminates its operation or has its establishment license revoked;

- The branch has its operation registration paper revoked in accordance with law.

At least 30 days before the date of termination of operation of its branch, an arbitration center shall notify in writing the Ministry of Justice and the provincial-level Justice Departments of the localities in which its head office and its branch are located of the termination of operation of the branch.

The arbitration center shall fully pay its debts and completely settle cases it has accepted, unless otherwise agreed upon.

Within 30 days after the date of termination of operation of its branch, the arbitration center shall return the branch’s operation registration paper to the provincial-level Justice Department with which the branch has registered operation; and return the branch’s seal to a competent agency.

Representative offices shall terminate their operation under their arbitration centers’ decisions. At least 10 working days before the date of termination of operation of its representative office, an arbitration center shall notify the operation termination to the Ministry of Justice and the provincial-level Justice Departments of the localities in which its head office and representative office are located.

View more details at Decree No. 63/2011/NĐ-CP of Vietnam’s Government, effective from September 20, 2011.

Thuy Tram

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