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5G

Slideshow5G all about efficiency, CommScope CTO says

CommScope EVP and CTO Morgan Kurk.
CommScope EVP and CTO Morgan Kurk.

NgocMy12 4/11/2020 | 4:28:01 AM
Thanks for your Thread maybeyou"reinterestedin: 4pointsinrelationtodisputesinthecommercialcontractinvietnam.

disputesinrelationtoacommercialcontract (inbrief,namedasthe commercialdisputes)areunderstoodasthedisputesarisingfromoneormorepartiesinrelationshipofthe commercialcontract whodonotimplementorimplementinthewrongwaytotheagreementsandcommitmentsasrecordedinthecontractduringtheprocessofcommercialoperation.

maybeyou'reinterestedin: what'sacommercialcontractandeverythingyouneedtoknowaboutcommercialcontracts

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the commercialdisputes oftencontainsfollowingbasicelements:
  • havingacommercialcontractualrelationshipexistingbetweentheparties;
  • havingtheviolationofobligations(orbedeemedasviolationofobligations)ofapartyinthatrelationship;
  • havingthedisagreementbetweenthepartiesinrelationtotheviolationorsettlementofconsequencesarisingfromsuchviolations;
  • disputeon commercialcontract oftendeprivesfromtheviolationofcontract.

forpreventionofpossibilitiesandrisksof commercialdisputes,thepartiesshouldkeepinmindthefollowingissuesonthecommercialdisputes:

firstly, thepartieswhoarethesubjectshavingthehighestrighttohaveself-determinationinthedisputesettlement(exceptforthecontractualrelationshipsaffectingtheinterestsofthestate).thisshowsinselectionofthepartiesforsettlementofdisputesbasedontheirwill,includingthefollowingmethods:
  • negotiation:thisisadisputessettlementmethodwithoutinterventionofthethirdparty.lawyerscanparticipateinadvisingthepartiesonthestrategies,goals,strengthsandweaknessesofthenegotiationsthenthepartiescanmeet,agreeandexchangetoresolvethedisagreementproblems.
  • mediation:convincementtothepartiesinordertostoptheconflictsinasatisfactoryway.thefundamentaldifferencebetweennegotiationsandmediationsistheparticipationofthethirdpartyasamediatorsettlingtheconflictbetweenparties.
  • organizationsofjudge:ifthenegotiationsandmediationsappearstobeineffective,thepartiesmaybringalawsuitbeforethecompetentauthorityforthesettlement.currently,therearetwomainauthoritiesinvietnamwhichregularlyhandleandsettlethecommercialdisputes:
  • arbitration:isamethodofresolvingthecommercialdisputes,conductedbyanarbitralcouncil.pursuanttoarticle61.5ofthelawoncommercialarbitration2010,thearbitralawardshallbedeemedasfinalandvalidasfromthedateofissuance.however,pleasenotethatpursuanttoarticle5.1ofthelawoncommercialarbitration2010,themechanismofthedisputesettlementbythearbitrationisonlyappliedwhenthepartieshaveaclearandspecificagreementontheselectionofarbitrationinordertosettle,otherwise,thesedisputescanonlyberesolvedbythecompetentcourt;
  • people'scourt:asajudicialauthorityofthevietnamesestatewiththetrialfunction.pursuanttoarticle30ofthecivilprocedurecode2015,thecourtshallhaveitspowertoresolvethedisputesinrelationtothebusinessandcommercialactivities,includingthedisputesarisingfromthecommercialcontracts.indifferencetothearbitrationsettlementmechanism,pursuanttoarticle17ofthecivilprocedurecode2015,acasesettledincourtshallundergotwo-levelofadjudicationregimeincludingthefirst-instanceandappellateprocedures.accordingly,thefirst-instancejudgmentordecisionofthecourtmaybeappealedorprotestedforcontinuingwiththeappellatetrial.

subjecttothelevelandcomplexityofthecommercialdisputes,thepartiesmayconsidertheaboveoptionstoadaptwiththeactualsituation.unlesstheotherthirdpartiesparticipateinthedisputesettlementprocessonlyforthepurposeofsupportanda"catalyst"toreconciletheexistingconflictsinthecontractualrelationshipandcannotmanagethefinaldecisionofpartiesinthecommercialcontract.

secondly, thecommercialdisputesarealwaysassociatedwiththeinterestoftheparties.thesearetwocategorieswhichisnotbeseparatedduetothecommercialdisputesarisingfrommanydifferentcauses,includingthesubjectivecausessuchaschangeofbusinessstrategiesandobjectivesoftheparties,imbalancesoftheenterprisefinance,...orobjectivecausessuchasthemarketfluctuations,theforcemajeureevents,theimpactofchangeoflegalpolicy,...whichresultsinnon-achievementofthefinalgoalasexpectedbythepartiesfortheexecutionofthecommercialcontract.thisleadstotheconflictsofinterestsandthepotentialofcommercialdisputesifnotresolvedpromptly.

thirdly, theauthoritiesandthelocationsfordisputesettlementareoneoftheissuesthatthepartiesshouldcautiouslyconsider.intherelationshipoftheinternationalcommercialcontract,thepartiesshallcomefromavarietyofdifferentcountries.

therefore,iftheeventlackofspecifiedregulations,thedeterminationofthecompetentauthoritytoresolvethedisputesisalwaysacontroversymatterduetothepartiesareconsideredtobedifficultinordertounderstandthelawsoftheothercountryinprotectionoftheirrightsbeforetheopponents.

inaddition,regardingthelocationofdisputesettlementinwhichlocatedinanothercountrymaytaketimeandcostfortravellingandparticipatingintheargumentsthatsuchamountsmayhavemorevaluethanthatofachievingbythepartieswhenthedisputesisresolved.

currently,theinternationallawhasalsobeendevelopedwithasystemofbilateralandmultilateralinternationaltreatiesthatpartiallysolvesthemultinationaltraderelationships.however,theinternationallawgenerallyonlyprovidesthemostgeneralregulationsandbeunabletofullyprovidealllegalaspectsofeachspecificcommercialcontract.

maybeyou'reinterestedin: whycommercialcontractinbusinessareveryimportant

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fourthly, regardingthestatutorylimitationsonmakingalawsuitinrelationtocommercialdisputes,pursuanttoarticle319ofthe commerciallaw2005,thestatutorylimitationsonmakingalawsuitoncommercialdisputesistwoyearsasfromthedateofinfringementoflegitimaterightsandbenefits.

therefore,whenarisingdisputes,thepartiesshouldpayattentiontothestatutorylimitationsinordertopromptlymakealawsuittothejudicialauthorities,avoidingtheprolongingoftimewhichleadstolosetherightofmakingalawsuit.

ifyouwouldlikefurtherinformationonhowourfirmcanassistyouinaddressing commercialdisputes issues, pleasefeelfreeto contactus.

 
 
 
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