Chương 1 Nghị định 25/2004/NĐ-CP Hướng dẫn Pháp lệnh Trọng tài Thương mại: Những quy định chung

Chapter I

GENERAL PROVISIONS

Article 1.- Scope of regulation

This Decree details the implementation of a number of articles of the Ordinance on Commercial Arbitration (hereinafter called the Ordinance for short) regarding the competence of commercial arbitration; the order and procedures for the establishment, registration and termination of operation of Arbitration Centers as well as those for the establishment of branches and representatives offices thereof; court fees related to arbitration; handling of violations and State management over arbitration.

Article 2.- Competence of commercial arbitration

Commercial arbitration shall have the competence to handle disputes arising in commercial activities defined in Clause 3, Article 2 of the Ordinance with the disputing parties being business individuals or business organizations.

Disputes shall be settled through arbitration if the involved parties reach an arbitration agreement before or after the disputes arise.

Article 3.- Encouragement for the settlement of disputes through arbitration

The State encourages the settlement of disputes through arbitration according to the provisions of the Ordinance and this Decree and creates conditions for the development of commercial arbitration activities in compatibility with the country’s socio-economic development situation and requirements.

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