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Simplifying the dossier for establishment of a Vietnam-based branch of foreign arbitration institutions

Anh Tú

09:05, 22/09/2018

Recently, the Government of Vietnam issued Decree No. 124/2018/NĐ-CP on amendments to Decree No. 63/2011/NĐ-CP detailing and guiding a number of articles of the Law on Commercial Arbitration 2010 of Vietnam.

Decree No. 124/2018/NĐ-CP of Vietnam’s Government annuls certain documents in the dossier for establishment of a Vietnam-based branch of foreign arbitration institutions, specifically as follows:

- A certified copy of the document proving the lawful establishment of the foreign arbitration institution issued by a foreign competent agency or organization;

- A written introduction of operation of the foreign arbitration institution;

- A list of expected arbitrators and employees of the branch.

Thus, a dossier for establishment of a branch includes:

- An application for a license for branch establishment;

- A certified copy of the charter of the foreign arbitration institution;

- A certified copy of the decision to appoint an arbitrator to act as the head of the branch, who must permanently reside in Vietnam.

View full amendments at Decree No. 124/2018/NĐ-CP of Vietnam’s Government, effective from September 19, 2018.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

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