The Southern Trade Arbitration Center (STAC) officially inaugurated its new branch in Hanoi on April 4, aiming to expand its commercial dispute resolution network for the business community in Northern Vietnam.
Speaking at the ceremony, Chairman of STAC, Nguyen Xuan Nam, noted that STAC was established and has been operational since 2020. Following six years of development, the center decided to expand to Hanoi to enhance businesses' understanding of commercial arbitration as a viable dispute resolution method.
According to Mr. Nam, the center’s core mission is to focus on mediation and resolving all commercial contract disputes through arbitration.
“Prioritizing mediation not only helps alleviate the current pressure on People’s Courts at all levels but also carries a profound humanistic significance. It can help disputing parties transition from adversaries back into partners,” he said.
Sharing his vision at the launch and licensing ceremony, Lawyer Do Huu Dinh, director of Viet Kim Law Firm and head of the STAC Hanoi Branch, stated that the establishment of the Hanoi branch serves a dual purpose: expanding the center's operational network and creating a genuine “legal playground.”
He envisions the branch as a hub for the legal community, colleagues, and academic experts to share expertise and improve professional standards in law and commercial arbitration. This will be achieved through scientific seminars, professional exchanges, and updates on new policies. Concurrently, the branch will actively promote legal proceedings through arbitration.
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