Slide thuyết trình TACN2 Topic: Settlement of Disputes

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Members

Trần Tuấn Anh
Đinh Công Doanh
Phạm Thị Hà
Mẫn Văn Khoa
Trần Hương Linh
Tô Hải Thành

Settlement of Diputes

CONTENT
I) What is commercial dispute?
II) Methods for Solving Disputes
III) What makes arbitration a better choice for
resolving business disputes?

IV) Practice

I) What is commercial dispute?

Commercial dispute is a
conflict or a disagreement on
performance of rights and
duties between the parties in
business activivities

II) Methods for Solving Disputes

1. Negotiation
2. Mediation
3. Arbitration
4. Litigation

Negotiation
Negotiation is the most
informal and commonly- used
type of dispute sollution
• have their own interests
• discuss their problems
directly > reach an agreeable
solution

Mediation


a third party -a mediator
resolves by facilitating
negotiation and help find a
mutually agreement

 The mediator:
+ neutral

+ has no decision-making
authority, cannot bind the
parties
+ not make a ruling like a judge
or arbitrator

Arbitration
is a more formal process

Have a third person (abitrator):
+) listen to their arguments>
make a decision (final and binding)
for them
+) acts like a judge. However,
more flexibility than a judge in
devising solutions to problems
→ This is a popular method that
businessman choose nowadays

Litigation
is the use of the courts and civil justice system to resolve
legal controversies
+) Involuntary - (no choice)
+) Formal
+) Each party present its evidence and
argument and cross-examine the other side +) Public - court proceedings and records are
open
+) The decision is based on the law, can be

final and binding
+) Losing party may pay costs

Conflict can sometimes cause problems, so it is important to
know how to handle them – outside court. For businessman it is
the best choice that not only insures parties‘s benefit and maitains
business relationship and settling dispute by arbitration can
meet these requires.

III) What makes arbitration a better choice
for resolving business disputes?

1. Speed
2. Choice of the neutral
3. Technical issues
4. Confidentiality

1. Speed
• disputes resolved quickly
• The parties determine the timeframe for the
arbitration, allowing them to bypass delays inherent
in litigation

2. Choice of the neutral
• the opportunity to choose the individuals who will

decide the issues in question
• this freedom allows the parties to customize the
resolution process to suit these issues

3. Technical issues
• Arbitration gives the parties an opportunity to secure
the services of an individual experienced in a
technical area, or a particular business field
• It is for this reason that disputes in the construction
industry and maritime law are often resolved through
arbitration

4. Confidentiality
• In the cases, require a confidential outcome
• because the dispute involves privileged information
or issues of particular sensitivity

IV) Practice

1. The latest time to settling disputes by VIAC is …

A. 6 months
B. 8 months
C. A year
Answer: A

2. Translated into Vietnamese
The buyer and seller shall make every effort to
resolve amicably by direct, informal negotiation any
disagreement or dispute arising between them under or
in connection with the contract.
→ Người mua và người bán phải cố gắng hết sức để
giải quyết một cách thân thiện bằng thương lượng
trực tiếp mọi bất đồng hay tranh chấp phát sinh
giữa hai bên liên quan đến hợp đồng.

3. Translate into English
Tất cả tranh chấp, tranh cãi, bất đồng phát sinh giữa
các bên thuộc hoặc liên quan tới hợp đồng này hoặc vi
phạm thuộc hợp đồng này, sẽ được phán quyết cuối
cùng bằng trọng tài ở Singapore tuân theo luật trọng tài
thương mại của ủy ban trọng tài thương mại singapore
và theo luật của Singapore.

3. Translate into English
Answer:
All disputes, controversies, or differences which may
arise between the parties, out of, or in relation to, or in
connection with this contract, or for the breach thereof,
shall be finally settled by arbitration in Singapore in
accordance with the Commercial Arbitration Rules of
the Singapore Commercial Arbitration Board and under
the Laws of Singapore.

4. What are the different between mediation
and arbitration?
• has no decision-making authority
• cannot bind the parties
• the process of mediation is not controlved by
prrinciples of law but for arbitration this is
compulsory

Thank you for listening

Slide thuyết trình TACN2 Topic: Settlement of Disputes

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