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blue-check Vietnam shall be competent to consider whether or not recognize awards of investment disputes under EVIPA within 5 years

Resolution No. 113/2020/QH14 dated June 18th, 2020 of the National Assembly on recognition and enfocement in Vietnam of final awards of the dispute settlement body under UE-Vietnam investment protection agreement
Posted: 2/7/2020 7:12:07 AM | Latest updated: 15/7/2020 10:44:31 AM (GMT+7) | LuatVietnam: 4993 | Vietlaw: 466
VietlawOnline

According to this Resolution, within 5 years from the date on which the UE-Vietnam investment protection Agreement comes into force, if Vietnam is the respondent in final awards of investment disputes, competent courts of Vietnam shall still be competent to consider whether or not recognize and enforce such awards in Vietnam.

After 5 years, the aforesaid awards shall be recognized as a legally effective judgment of the court of Vietnam.

This Resolution takes effect from the date on which the Agreement comes into force.

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PublishedVietlaw's Newsletter No. 466
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