Contemporary Issues in Construction Contracts: Common Sources of Disputes
02/03/2023 07:00
Vietnam’s construction industry is billeted as among the best performing in the Asia-Pacific region, with growth expected to continue throughout the decade. With this industry growth, there is likewise an increased demand for efficient and effective dispute resolution mechanisms. In 2021, construction was among the top three sectors with the biggest number of cases submitted to the Vietnam International Arbitration Centre, accounting for about 20%.
However, there continue to be various pitfalls in resolving disputes by arbitration arising from construction projects with a Vietnam component. These are pitfalls that make arbitration difficult to navigate but not impossible. Our legal update discusses key insights into the common pitfalls in resolving disputes arising from construction contracts through arbitration.