Headlines 07/03/2017 10:26 SA

Procedure for commercial mediation

Ngọc Duy

On February 24, 2017, the government promulgated the Decree No. 22/2017/ND-CP on commercial mediation.

The procedure for settlement of disputes by commercial mediation is defined as follows:

- The parties negotiate the process of conciliation or choose to adhere to the principles of conciliation of a commercial mediation organization.

- If the parties do not form any agreement, the commercial mediator shall initiate the procedure that he deems fit for the issue and demands with the parties' approval.

- The process of mediation may, at the parties’ discretion, be carried out by one or various mediators.

- The commercial mediator has the right to make dispute resolution proposals at any time during the process of mediation.

- The parties negotiate the time and location for mediation; otherwise, such matters shall be left to the discretion of the commercial mediator.

Decree No. 22/2017/ND-CP shall take effect as of April 15, 2017.

2.093

More headlines

Most Viewed

Address: 17 Nguyen Gia Thieu street, Ward Vo Thi Sau, District 3, Ho Chi Minh City, Vietnam.
Phone: (+84)28 3930 3279 (06 lines)
Email: info@ThuVienPhapLuat.vn

Copyright© 2019 by THƯ VIỆN PHÁP LUẬT
Editorial Director: Mr. Bui Tuong Vu

DMCA.com Protection Status