#AceFinanceNews – July.24: Under a new project funded by the UK Government’s Prosperity Fund- Project “Supporting the implementation of international arbitration standards to increase Vietnam’s economic development through its improved business investment environment”
The two parties will seek to enhance the capacity of the Ministry of Justice and other stakeholders through the establishment of guidelines on the recognition and enforcement of foreign arbitral awards in Vietnam.
A long-term action plan will also be developed for the Ministry of Justice to carry out its tasks as the National Agency responsible for the implementation of the New York Convention in Vietnam. In addition, a report on co-operation and monitoring mechanism among relevant agencies will be drafted in order to enhance the recognition and enforcement of foreign arbitral awards in Vietnam.
Giles Lever, British Ambassador, said:
Read more: Latest News Story: The UK supports Vietnam in improving the recognition and enforcement of foreign arbitral awards in Vietnam | ‘ Ace Press Releases & Live Reportshttps://acenewsgroup.wordpress.com/2016/07/24/news-story-the-uk-supports-vietnam-in-improving-the-recognition-and-enforcement-of-foreign-abritral-awards-in-vietnam/
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