IBA Guildeline on Conflicts of Interest in International Arbitration 2024 The International Bar Association (IBA) has issued a set of rules and guidelines to support the effective resolution of disputes through international arbitration. These rules and guidelines are applied to enhance transparency, fairness, impartiality, and efficiency in arbitral proceedings. Within the scope of this article,…

Law on Corporate Income Tax 2025: A Turning Point In Vietnam’s Tax Policy On 14/6/2025, the National Assembly of Vietnam passed the Law on Corporate Income Tax No. 67/2025/QH15 (“Law on Corporate Income Tax 2025”), which takes effect on 1 October 2025. This is a turning point in the tax policy of Vietnam, as it…

Distinction between jurisdiction and admissibility in international arbitration The distinction between jurisdiction and admissibility in international arbitration is a contentious issue in contemporary arbitral practice, particularly as multi-tiered dispute resolution clauses become increasingly prevalent. This distinction, though challenging, is of paramount importance due to its impact on the validity of arbitral awards and the parties’…

International Financial Center in Vietnam – Opportunity or Challenge? On 27/06/2025, the National Assembly of Vietnam officially adopt Resolution No. 222/2025/QH15 (“Resolution 222”), thus establishing the legal foundation for the creation of International Financial Centers (IFC) in Vietnam—a “controlled exception” institutional model with no previous precedent. With Ho Chi Minh City and Da Nang chosen…

Beneficial owners under 2025 Law on Enterprises – Who are they? In continuation of the update on the Law Amending and Supplementing Certain Articles of the Law on Enterprises, which highlights the novelty of the concept “beneficial owner”, the following article furnishes the latest updates on guidance for this concept. Beneficial owners identification The definition…

Procedure of Appointing Ad – Hoc Arbitrators under Uncitral Arbitration Rules 2021 Amid the rapid growth of international trade as well as the increase of commercial disputes, selecting an appropriate dispute resolution mechanism is crucial to ensuring transparency and equity among business partners. In this regard, ad hoc arbitration is often favored as it affords…

Practical issues in the release of Retention money With respect to the timing for the release of Retention money, although in theory the release of retention money provisions appear to set out clear provisions, practical application reveals that Clause 2, Article 28 of Decree No. 06/2021/ND-CP (“Decree 06/2021”) still leaves room for significant debate. Specifically,…