On the morning of March 4, in Hanoi and Ho Chi Minh City, as part of the Vietnam Arbitration – Mediation Series of Workshops and Scientific Forums, the Forum titled “Procedural Management in Chain Arbitration Disputes” was successfully held, bringing together professionals and experts in arbitration and dispute resolution.
At the Forum, Dr. Nguyen Trung Nam – Founding Lawyer of EPLegal, VIAC Arbitrator, and Deputy Director of VMC – participated as a speaker, presenting on the topic “Arbitral Precedents: Definitions, International Practices, and Implications for Vietnam.” In his presentation, he clarified the legal nature of arbitral awards and highlighted the fundamental differences between this mechanism and the doctrine of precedent (stare decisis) in court systems.
Accordingly, arbitral awards do not have binding force over similar cases, but may serve as persuasive references in dispute resolution practice. Drawing on the experience of international arbitration institutions such as ICC and LCIA, he suggested that Vietnam could consider adopting a controlled mechanism for the publication of arbitral awards.
This approach is expected to enhance transparency and predictability in arbitration, while also promoting consistency in arbitral reasoning. It is particularly relevant in the context of increasingly complex financial and commercial disputes structured as chains of interconnected and interdependent transactions.
As the concluding event of the series, the Forum left a lasting impression not only through its substantive academic discussions but also through meaningful professional connections. The participation of Dr. Nguyen Trung Nam as a speaker, together with the presence of EPLegal members from both Hanoi and Ho Chi Minh City, contributed to a well-rounded and impactful conclusion to the series.
For more information on EPLegal’s expertise in these areas, please feel free to get in touch with our team.
