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Incompatibility of Vietnam's legislation and practice on non-recognition of foreign arbitral awards

According to the domestic validity's principle, awards of foreign arbitrators have legal binding force only within the territory where they were declared. thus, in order for an arbitral award to be or not be recognized in another country, the award debtor has to request the foreign court to not recognize and enforce it. Non-recognition foreign arbitral award are restricted to certain and limited circumstances. Regarding this issue, Vietnam is a member of the New York Convention 1958 on the recognition and enforcement of foreign arbitral awards. However, our domestic legal provisions are still inconsistent with the Convention as well as international practices and causing the remarkable rate of non-recognition of foreign arbitral wards in Vietnam. In this paper, the author will analyze the reasons for Vietnam's legislation incompatibility with the New York Convention as well as the adjudication practice in non-recognition of foreign arbitral awards and propose solutions to remedy this issue.


Trích: Incompatibility of Vietnam's legislation with the New York Convention 1958 and international practices on non-recognition of foreign arbitral awards- "Cuộc thi viết VIArb 2021" - Viện Trọng Tài Quốc Tế Việt Nam


Tác giả: Lê Minh Trang

 

Legal de Minimis cung cấp quyền tiếp cận đầy đủ tài liệu này dưới sự cho phép của các giả cho mục đích nghiên cứuhọc tập. Liên hệ trực tiếp qua thanh trò chuyện hoặc qua đường dẫn "Liên hệ" để được tiếp cận tài liệu bản mềm.



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