Legal Counselling

Settlement of disputes in the power market in Vietnam: When to hold meetings

09:40, 19/12/2010

Recently, the Ministry of Industry and Trade of Vietnam issued Circular No. 40/2010/TT-BCT on the order and procedures for settlement of disputes in the power market, which stipulates the time limit for holding dispute settlement meetings.

giải quyết tranh chấp thị trường điện lực, Thông tư 40/2010/TT-BCT

According to Article 22 of Circular No. 40/2010/TT-BCT of the Ministry of Industry and Trade of Vietnam, the time limit for holding dispute settlement meetings is specified as follows:

- The time limit for holding a dispute settlement meeting is thirty (30) days after completing the study and verification of a dispute.

- Within this time limit, the Electricity Regulatory Authority of Vietnam shall cany out necessary procedures to hold the dispute settlement meeting. Invitations to this meeting shall be sent to involved parties at least fifteen (15) days before the meeting.

Participation in dispute settlement meetings:

- Representatives at law or authorized representatives of the parties shall attend the dispute settlement meeting at the invitation of the Electricity Regulatory Authority of Vietnam. The parties shall send their lists of participants to the Electricity Regulatory Authority of Vietnam at least two (2) working days before the meeting.

- The Electricity Regulatory Authority of Vietnam may invite to this meeting witnesses, experts and organizations and individuals with related rights and obligations.

View more details at: Circular No. 40/2010/TT-BCT of the Ministry of Industry and Trade of Vietnam takes effect from January 27, 2011.

Nguyen Phu

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