Introduction: Why Dispute Settlement Matters in International Trade When goods cross borders, risks follow. A late shipment, an unpaid invoice, or a disagreement over product quality can quickly turn into a costly conflict. This is why dispute settlement in international trade is a central part of doing business globally. International trade involves multiple countries, different legal systems, and diverse business cultures. When disputes arise, they can disrupt supply chains, damage reputations, and result in financial losses. Knowing how …
The Changing Face of Cross-Border Disputes In today’s borderless economy, trade and investment move faster than regulation. Contracts stretch across Asia. When conflicts arise, national courts often struggle to keep pace and traditional litigation would take long. The question of how to maintain fairness, enforceability, and efficiency across different jurisdictions leads naturally to one solution: dispute resolution through arbitration. For decades, arbitration was seen as the tool of large multinationals. Now it has become the language of…
Let’s face the fact, as business owners or directors, would you normally look at dispute resolution clauses. Or most of the time, you only focus on the price offered to the clients and imagine about how much profit the company would make if such contract is delivered and how to achieve the target given by the superiors. In realities, there is a chance, the contract runs into a dispute, and arbitration in Vietnam is dispute resolution mechanism. There are business owners and directors whom know about arbitration in their home countries.…
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