Vietnam Lawyers’ Commercial Arbitration Center inaugurated
The Vietnam Lawyers Association has inaugurated the Vietnam Lawyers’ Commercial Arbitration Center (VLCAC). Mr. Truong Hoa Binh, Politburo member, Deputy Prime Minister attended and made speech at the event.
The founding members of the VLCAC at the inauguration ceremony
Lawyer Nguyen Van Hau, Chairman of the VLCAC and also Vice Chairman of the Ho Chi Minh City Lawyers’ Association, said that the establishment of the center is to build a reliable and effective institution which aims to deal with disputes through convenient and prompt arbitration and guaranteeing lawful interests of disputing parties.
The VLCAC includes 58 arbitrators who are lawyers and specialists having professional qualifications and experience in dispute settlement.
In his speech, Deputy Prime Minister Truong Hoa Binh highly hailed the establishment of the center. He stressed in the circumstance of international integration in depth and width, the inauguration of VLCAC plays a significant role in settling disputes among parties in equitable, transparent, convenient and effective ways, especially when Vietnam joined the Trans-Pacific Partnership agreement.
The center is expected to create motive power for Vietnamese lawyers to participate into the field which is not new but poses numerous challenges./.
( Compiled by VNF )