REGULATION ON COORDINATION IN RESOLUTION OF INTERNATIONAL INVESTMENT DISPUTES
On April 08, 2020, the Prime Minister issues the Decision No. 14/2020/QD-TTg on promulgation of Regulation on coordination in resolution of international investment disputes.
Specifically, international investment disputes are disputes arising from time when foreign investors sue Vietnamese Government or State or state agencies, organizations authorized for state management.
Within that, the presiding agency is a ministry, ministerial-level agency, government-attached agency or the People’s Committee of province and centrally-run city that takes a measure to be sued or threaten to be sued, receiving the foreign investor’s notification of intending initiate a lawsuit related to the disputes and disagreement in foreign investment activities in Vietnam must immediately coordinate with the legal representative agency of the Government for discuss and report the Prime Minister.
Any state agency, organization or individual other than the presiding agency that receives the notice of intending to initiate a lawsuit, notice of arbitration or similar notice of foreign investors on initiating a lawsuit for international investment dispute at international arbitration must send written notification and copies of received information and documents to the presiding agency within 03 working days.
This Decision takes effect on June 01, 2020.
