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Conducting arbitration through PIAC offers distinct
benefits
01. Procedures: The procedures for arbitration at PIAC
are agreed mutually by the parties. PIAC’s Rules of
Arbitration provide simple, flexible and comprehensive
procedures.
02. Time saving: Confidentiality is secured and disputes
expeditiously resolved.
03. Cost: Efficient cost saving with reasonable schedule of
arbitration costs.
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PACIFIC INTERNATION ARBITRATION CENTRE (PIAC) was
established in 2006 to meet the demands of the business community for a
neutral, efficient and reliable dispute resolution institution in Vietnam
PIAC is formed as a not - for - profit organization, and works towards
promotion of alternative dispute resolution (ADR) as a mean of dispute
resolution and strives to bring together the professionals such as judges,
lawyers, arbitrators, mediators, professors and scholars for professional
and practical settlement of commercial disputes.
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PIAC maintains two lists of arbitrators: list of
Domestic arbitrators and list of recommended
International Arbitrators.
The list of Recommended International Arbitrators
consists of foreign arbitrators being arbitrators
of SIAC, HKIAC, and KLRCA.
The parties are free to appoint any arbitrators in the
two lists.
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