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This is expected to facilitate both domestic and foreign enterprises in their business activities and fair competition.
MAJOR AMENDMENTS TO THE ICC RULES HAVE ENTERED INTO FORCE 1 March 2017: The latest version of the ICC’s Note to Parties and Arbitral Tribunals came into force and contains many important new features.
Overall, these three new provisions involve disputes arising out of separate legal relationships and help each of the parties involved save time and keep costs down.
The release of the 2017 Rules is intended to improve arbitral proceedings, as well as the quality of the arbitration service at the Vietnam International Arbitration Centre in particular and in Vietnam in general.
However, it remains to be seen if parties not wishing to cooperate in an arbitration will continue to abuse the rules to their advantage.Success of these introductions will largely be judged on how effectively the TAI interprets, administers and enforces the 2017 Rules.That said, the 2017 Rules are likely to be welcomed by business users desiring more efficient resolution of disputes in Thailand.Since 1992 we have provided personnel mediation services and arranged ship deliveries.Our clients are players in the shipping, offshore, wind energy and technology sectors.
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Ted Howes in New York and that Houston-based Michael Lennon is ‘very experienced’. 2 • Case Law Updates .......................................................... Under the 2017 SCC Rules, the possibility to consolidate and join additional parties to arbitrations have been increased.