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09 New points of SIAC Rules 2025 The Singapore International Arbitration Centre (SIAC), a leading international arbitration centre in the region, has published the 7th Edition of the Arbitration Rules of the Singapore International Arbitration Centre (“SIAC Rules 2025”) which will come into force on 01 January 2025. Drawing on the SIAC’s experience in dispute…
Resolution 171: Shining a Light on Vietnam’s commercial housing projects On 30 November 2024, the National Assembly of Vietnam issued Resolution No. 171/2024/QH15 on the pilot implementation of commercial housing projects in lands whose land use rights are to be obtained via agreements or already available (“Resolution 171”). The resolution shall take effect within 05…
The 2017 FIDIC Contracts Management Course was successfully completed The 2017 FIDIC Contracts Training Course held on 29 and 30, Novvember, 2024 in Ho Chi Minh City was a resounding success. Which is demonstrated by the attendance of 09 participants from prominent Contractors, Engineer and the Employer across the country. Unlike previous Contract Management courses,…
Decree 135: Paving the Way for Rooftop Solar Power in Vietnam On 22 October 2024, the Government of Vietnam issued Decree No. 135/2024/ND-CP stipulating policies encouraging development of self-produced and self-consumed rooftop solar power (“Decree 135”), which would immediately take effect from the date of issuance. Decree 135 ends nearly four years of the lack…
On the afternoon of October 9th, 2024, the Seminar “Practice Tips for Successful Project Cost Claims” was successfully held at the Legend Westlake Hotel, Ha Noi. The event attracted a large number of legal practitioners specialising in construction law, including representatives from law firms, employers, engineers, and contractors.
Introduction to the FIDIC 2017 Contract Management Course After 17 years, the First Edition of the Construction Contract published by the International Federation of Consulting Engineers (FIDIC) (FIDIC Red Book 1999, FIDIC Yellow Book 1999, FIDIC Silver Book 1999) was revised and introduced at the FIDIC International Contract Experts Conference on the 5th of December…
The 2023 Real Estate Business Law (“New Law”) was approved by the National Assembly of Vietnam with an effective date of 01 August 2024.
In recent years, this New Law along with the 2024 Land Law and the 2023 Housing Law received the significant attention of domestic and foreign enterprises – especially that of real estate enterprises.
Prolongation Cost Claims – 6 Notable Issues Prolongation Cost Claims Nowadays, Prolongation Cost Claims have become an indispensable element in the management of any Construction Contract. Accordingly, Prolongation Cost Claims may be interpreted as a form of financial compensation for Contractors when the Time for Completion of Work is prolongated beyond the planned schedule.[1] From…
The Ministry of Natural Resources and Environment recently submitted to the Government the draft of the National Assembly’s Resolution on the pilot implementation of commercial housing projects in non-residential lands whose land use rights are to be obtained via agreements or already available (“Pilot Draft”).
