Discount on arbitration costs and mediation costs due to COVID-19

Apr 16, 2020
As the spread of the Covid-19 pandemic continues to be at more serious and complex situation, to share the difficulties with enterprises who are in commercial disputes and wish to use alternative dispute resolution methods for such disputes, Vietnam International Arbitration Centre (VIAC) and Vietnam Mediation Center (VMC), apart from strictly implementing disease prevention measures under the directions of the Government, decides to apply the first-ever temporary discounts off arbitration costs and mediation costs.
   

Arbitration costs

The arbitration costs specified in Section I of the VIAC’s Schedule of Arbitration Costs shall be deducted by 20%, applies to arbitral proceedings commencing in the period of time from 01 April 2020 to 30 June 2020 inclusive. 

 

 

Mediation costs

A 50% discount off the registration fee and a 20% discount off the mediation costs (registration fee excluded) as specified in Section I of the VMC’s Schedule of Mediation Costs shall be applied to mediation processed in which the Request for Mediation is received by VMC from 01 April 2020 to 31 December 2020 inclusive.

 


*Attachments

 Decision.359_Discount on arbitration cost

 Decision.363_Discount on mediation costs

 

 

 

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