Chương VIII Pháp lệnh Trọng tài Thương mại năm 2003: Điều khoản thi hành

Chapter VIII

IMPLEMENTATION PROVISIONS

Article 61.- Application of the Ordinance to arbitration organizations set up before the effective date of this Ordinance

1. The Arbitration Centers set up before the effective date of this Ordinance are not required to carry out re-establishment procedures. They must amend and supplement their charters and arbitral proceeding rules to make them compliant with this Ordinance within 12 months from the effective date of this Ordinance. Past this time limit, if failing to amend and supplement their charters and arbitral proceeding rules, they must terminate their operation.

2. The arbitration agreements signed before the effective date of this Ordinance shall comply with the law provisions effective at the time they are signed.

3. Arbitral awards of the Arbitration Centers set up and operating under the Government’s Decree No. 116/CP of September 5, 1994, arbitral awards of Vietnam International Arbitration Center set up and operating under the Prime Minister’s Decision No. 204/TTg of April 28, 1993 and Decision No. 114/TTg of February 16, 1996, if not yet enforced, shall be enforced under the provisions of Articles 6 and 57 of this Ordinance.

Article 62.- Implementation effect

1. This Ordinance shall take effect as from July 1, 2003.

2. The following legal documents are no longer effective as from July 1, 2003:

a/ The Government’s Decree No. 116/CP of September 5, 1994 on organization and operation of Economic Arbitration;

b/ The Prime Minister’s Decision No. 204/TTg of April 28, 1993 on organization of Vietnam International Arbitration Center.

c/ The Prime Minister’s Decision No. 114/TTg of February 16, 1996 on expanding Vietnam International Arbitration Center’s scope of jurisdiction to settle disputes.

Article 63.- Implementation provision

The Government, the Supreme People’s Court and the Supreme People’s Procuracy shall, within the scope of their respective tasks and powers, detail and guide the implementation of this Ordinance.

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