| Date post: | 29-Jun-2018 |
| Category: |
Documents |
| Upload: | phungthien |
| View: | 214 times |
| Download: | 0 times |
INTERNATIONAL INVESTMENT ARBITRATION AND DISPUTE RESOLUTION IN SOUTHEAST ASIA
ISDS IN VIETNAM
OPPORTUNITIES AND CHALLENGES
Nguyen Manh Dzung, MCIArb Dzungsrt & Associates LLC
Bangkok, 18th July 2016
1,603.5 7,925.2 2,762.8 6,840.0
71,726.8
19,886.8 21,921.7
0.0
10,000.0
20,000.0
30,000.0
40,000.0
50,000.0
60,000.0
70,000.0
80,000.0
1988-‐1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
(1) General Sta9s9cs Office of Vietnam
FDI INFLOW IN VIETNAM FROM 1988 TO 2014 TOTAL: 290,613.3 MILLION USD (1)
64
5
19
0
10
20
30
40
50
60
70
BITs Bilateral FTAs Regional/MulFlateral FTAs (TPP, RCEP, AANZFTA…)
(2) United Na9ons Conference on Trade and Development
BITS, FTAS SIGNED BY VIETNAM (2)
NO ISDS PROVISION
No ISDS under BIT 1992 between Vietnam and Thailand
Dispute resoluXon under
Contract
ASEAN Comprehensive Investment Agreement
ISDS UNDER VIETNAMESE LAW
NegoXaXon and
conciliaXon
Dispute Se[lement Mechanism under contract(s) or IIA(s)
No IIA provision
Vietnamese court
Vietnamese arbitraXon
Alterna9ve Dispute Resolu9on (ADR): Chapter XXXIII of CPC 2015 on recogniFon of out-‐of-‐court seSlement
Na9onal Court: CPC 2015 Arbitra9on: LCA; ResoluFon 01/2014/NQ-‐TANDTC
ISDS UNDER VIETNAMESE LAW
ISDS IN PRACTICE
Contract-‐Based Investor-‐State Disputes
East-‐West Highway Construc5on Project
[2013 -‐ amicable seSled]
Phap Van-‐ Cau Gie Ring Road 2 Project [Japanese investor relied on BIT to warn to file a treaty based claim if the seSlement result is not jusFfiable]
ISDS IN PRACTICE -‐ BACKED INVESTMENT TREATY ARBITRATION EscalaXon from contractual disputes
Trinh Vinh Binh (the Netherlands) vs. Vietnam [2003];
DialAsie (French) [2011]; SK E&C (Korea) [seSled] Metropolitan (The US)
[pending]
Purely Disputes related to IIAs McKenzie (USA) vs.
Vietnam [2010-‐ jurisdicFon declined];
Recofi (French) vs. Vietnam [2013-‐pending];
Source: MOJ report
COMMON ISSUES Reasons: Disappointment with the judiciary of host state or licensing state authoriFes;
Alleged breaches: expropriaFon; Fair and equitable treatment; Full protecFon and security or similar
ArbitraXon Rules: UNCITRAL ArbitraFon Rules Administering insXtuXons:
• PCA (DialAsie; Recofi; McKenzie) • SCC (Trinh Vinh Binh) • ICC (East-‐West Highway Construc9on Project)
PosiXve outcome!
THE ENFORCEMENT OF FOREIGN ARBITRAL AWARDS IN VIETNAM
*Source: The report of the Supreme People’ Court
Recognized
44% Rejected 46.2%
[CATEGORY NAME]
[PERCENTAGE]
0%
CHALLENGES
Lack of coordinaFon mechanisms;
Lack of a permanent lead agency;
Lack of experience for ISDS; Systemic consistency of the IIA regime with domesFc policy
New challenges from TPP and EVFTA
THE GOVERNMENT’S REACTIONS
DirecFve No. 01/CT-‐TTg dated 09/01/2012; The LegislaFve Changes • Civil Code • Civil Procedure Code • Investment Law
Human Resources Capacity Buildings • State/ Provincial/Regional Officials • Judges/ Arbitrators • PracFFoners
CONCLUSIONS
Improvement of investment climate: predictability, stability and transparency
JusFce reform: to be more consistent with internaFonal standards
ArbitraFon friendly jurisdicFon
Thank you for your kind a[enXon!
Q & A Dzungsrt & Associates LLC A BouFque Shipping and ADR Law Firm
Hanoi Office Unit 6, 11th floor, HAREC Building, No. 4A Lang Ha Street, Ba Đinh District, Ha Noi city. Tel. (84-‐4) 3772 6970 / Fax. (84-‐4) 3772 6971
Saigon office 7th Floor, 162 Pasteur’s Office Building Ben Nghe Ward, District 1, Ho Chi Minh city Tel. (84-‐8) 3822 0076/ Fax. (84-‐4) 3772 6971
Email. [email protected] Web. www.dzungsrt.com
![Dynamic optima with forward -looking constraintspeople.bu.edu/rking/EC741stuff/SLIDES2.pdf · Microsoft PowerPoint - SLIDES2 [Compatibility Mode] Author: Administrator Created Date:](https://static.documents.pub/doc/80x56/5fbe6185ab91f102c40bfff1/dynamic-optima-with-forward-looking-microsoft-powerpoint-slides2-compatibility.jpg)
