FORM OF COMMERCIAL ARBITRATION PETITION

Currently, resolving disputes through commercial arbitration is one of the most common methods of dispute resolution. When there are sufficient grounds to bring a dispute to arbitration, the plaintiff needs to file a statement of claim. So, what are the contents of a form of commercial arbitration petition?

Jurisdiction of commercial arbitration

Arbitrators will have jurisdiction to resolve a dispute if:

– The parties have a valid arbitration agreement. This agreement must meet the requirements regarding form and content, and must not be void or impossible to perform.

– The dispute falls within the scope of the jurisdiction of the arbitration.

Contents of a commercial arbitration petition

A commercial arbitration petition contains:

– Date of its making;

– Names and addresses of the parties; names and addresses of witnesses, if any;

– Summary of the circumstances of the dispute;

– Grounds and evidence for initiating the lawsuit, if any;

– Specific requirements of the plaintiff and the value of the dispute;

– Name and address of the person whom the plaintiff selects as arbitrator or requests to be designated as arbitrator.

Enclosed with the petition shall be the arbitration agreement and the originals or copies of relevant documents.

Form of commercial arbitration petition

Client can refer to the form of commercial arbitration petition below:

PETITION ……., [Date] … To: Vietnam International Arbitration Center Name of company (plaintiff): …………………………………….. Address: …………………………………………………………………… Phone: ……………………………………………………………………………………………. Fax: ……………………………….Email………………………………………………..…………… Representative’s Name: ………………………………………………………….…………………… Position: ……………………………………………………………………….……………………… Subject: Statement of Claim Defendant: ………………………………………………………………………………….…………….. Name of company (defendant):  ……………………………………………..…………………………. Address: ………………………………………………………………………………………………… Phone: …………………………………………………………………………………………… Fax: ……………………………….Email………………………………………………..………….. Representative’s Name:………………………………………………………….………………….. Position: ……………………………………………………………………….…………………….. I- Summary of Dispute: …………………………………………………. II-Legal basis for filing the claim: ……………………………………………..…………………. III-Value of the dispute and plaintiff’s specific requests: Value of the Dispute: ……………………………………………………………………………… Specific requests of the plaintiff include: (1)   ………………………………………………………………………………………………………. (2)   ………………………………………………………………………………………………………. (3)   ………………………………………………………………………………………………………. IV-Name of Arbitrator selected by plaintiff: ……………………………………………….. [Signature and Seal]

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