News

Our Partner, Mr. Nguyen Ngoc Minh is listed in the Panel list of The Asian International Arbitration Centre (Malaysia) (“AIAC”)

Our Partner, Mr. Nguyen Ngoc Minh is listed in the Panel list of The Asian International Arbitration Centre (Malaysia) (“AIAC”) for the practice of Arbitration and the jurisdiction in Vietnam. As an experienced partner mainly in charge of Dispute resolution, Mr. Nguyen Ngoc Minh, hence, meet all the standard requirements to be listed in the AIAC Panel which are (1) Tertiary education; (2) Sufficient experience in arbitration and (3) Any membership or accreditation from any professional membership organisation for Alternative Dispute Resolution. In practice, Mr. Minh has made multiple awards in favour of our clients secured and brought them success.
In such event, Mr. Minh said that he was so grateful that he was the first local qualified lawyer to be named by AIAC for the jurisdiction in Vietnam, which means that the clients would have more option to access cost effective service in Vietnam.
The admission to the AIAC Panel is by invitation from the Director of the AIAC or by application subject to the consideration and approval of the Director of the AIAC. As a step into a new day and age of dispute resolution, the Asian International Arbitration Centre has taken up the baton of its predecessor, the Kuala Lumpur Regional Centre for Arbitration (“KLRCA”) and is set to broaden boundaries beyond the horizon and deliver the future.

https://www.aiac.world/panellist/7054


DZUNGSRT & ASSOCIATES LLC RECOGNIZED IN THE 2019 EDITION OF BENCHMARK LITIGATION

Dzungsrt & Associates LLC is proud to be recognized in the 2019 edition of Benchmark Litigation, a litigation-focused legal guide that evaluates leading law firms and attorneys.
This year Dzungsrt & Associates LLC was ranked by Benchmark Litigation’s 2019 for Commercial and Transactions and Energy and Construction arising from the strength of the caseworks handled by the firm.
Our 3 attorneys have been recognized in the 2019 edition of Benchmark Litigation. Mr. Dang Viet Anh is recognized as “Dispute Resolution Star”, Mr. Nguyen Ngoc Minh and Ms. Nguyen Le Quynh Chi as “Future Stars” for Commercial and Transactions
Benchmark Litigation exclusively covers the litigation and disputes market in North America, covering the US, Canada, Latin America and, most recently, Europe and the Asia-Pacific region. The rankings are based on extensive interviews with litigators, dispute resolution specialists and their clients who will provide their professional opinions on peers and practitioners within their jurisdiction or practice area to identify the leading litigators and law firms. Benchmark Litigation is a U.S.-based publication run from the New York offices of Institutional Investor and Euromoney’s Legal Media Group.


DZUNGSRT’S CLIENTS WON A $100 MILLION CASE

Dzungsrt & Associates LLC, acting as co-counsel, successfully represented our client in a USD100 million VIAC arbitration. The case was in relation to the construction of a supertall skyscraper in Vietnam.
The Claimant – Contractor, initiated the arbitration against our client – the Employer for outstanding payment and interests. The dispute was very interesting because it involved complicated issues of not only construction law but also of corporate governance, related party transaction, project finance and transfer pricing regulation.
The proceedings took nearly two years to conclude. This year, an award was rendered in favor of our client. Around 94% of the Contractor’s claim was rejected and our client was also entitled to recover the costs they incurred in pursuing this arbitration.
Dzungsrt & Associates LLC would like to send our warmest regards to our client, our co-counsel, the Tribunal and all others who participated in this arbitration.


DZUNGSRT & ASSOCIATES LLC HAS SECURED ITS TOP-TIER RANKINGS IN BOTH DISPUTE RESOLUTION AND SHIPPING IN THE LEGAL 500 ASIA-PACIFIC 2019

It’s 2 years in a row that we have achieved top-tier rankings in the Legal 500 Asia-Pacific for the two main practices of our firm including dispute resolution and shipping. This is indeed our great pleasure and honor.

In Dispute Resolution, our Founder, Mr. Nguyen Manh Dzung, who is now an independent arbitrator and mediator is in the list of leading individuals and our Arbitration Counsel, Ms. Nguyen Thi Thu Trang is also in the list of next generation lawyers.

In shipping, our name is given a prominent position in the ranking list and our Managing Partner Dang Viet Anh is one of the leading individuals. As mentioned in the Legal 500, our shipping team, led by our Managing Partner Dang Viet Anh, has handled various matters including vessel collisions, salvage, charterparty disputes, ship arrests, cargo disputes as well as shipbuilding matters. Other lawyers of note in this practice include Ms. Vu Phuong Trang and Senior associate Nguyen Le Quynh Chi.

The Legal 500 is one of legal directories useful for law firms and in-house counsels. It reflects a subjective overview, based on systematic research and the ranking is updated annually.


VIETNAM BECOMES A MEMBER OF THE UN COMMISSION ON INTERNATIONAL TRADE LAW

During the 55th Plenary Meeting on Monday 17 December 2018 within the 73rd session of the United Nations General Assembly, the UN member states elected new members for the UN Commission on International Trade Law (UNCITRAL). At the meeting, Vietnam was chosen by 157 out of 193 states to become a member of the Commission. This is the first time Vietnam was elected for this position and its tenure would be from 2019 until 2025.

The Commission was established by the UN General Assembly in 1966 “to promote the progressive harmonization and unification of international trade law”. Since then, the Commission has made significant contributions to achieve this mandate, including preparing and promoting the application of international conventions and model laws in the field of international trade law. The Commission prepared among others the UN Convention on Contracts for the International Sale of Goods 1980 (the CISG), the UN Convention on the Carriage of Goods by Sea 1978 (the Hamburg Rules), the Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958 (the New York Convention), the Model Law on International Commercial Arbitration 1985, the Arbitration Rules 1976, as well as certain practical notes and guidelines in different areas of international trade law. These instruments are regarded as some of the most prominent successes in the harmonization process of international trade law and the Commission is regarded as a core legal body of the UN.

In recent years, Vietnam has actively integrated into the world economy and already been a party to the CISG and the New York Convention prepared by the Commission. Over the past years, Vietnam has participated in the Commission’s affairs as an observer to actively contribute to the meetings and discussions of some Commission’s Working Groups. The Commission’s model rules and guidelines have also been used by Vietnamese entities in their business operation and dispute resolution. Vietnam’s official membership in UNCITRAL shows the worldwide recognition of our contribution to the common work of the international community and marks a further deep step of Vietnam into multilateral legal integration. Membership of UNCITRAL would help Vietnam up to speed with the most current developments and trends in international trade law and enable us to revise national laws on trade, thereby reducing obstacles and facilitating international trade. Most importantly, this is a great opportunity for Vietnam to a construct and shape common international rules right from the stage of discussion and negotiation with regard to the issues that Vietnam is having a concern about especially investor-state dispute settlement, international commercial dispute settlement, and electronic commerce.


DZUNGSRT & ASSOCIATES LLC HAS BEEN RANKED BAND 2 IN DISPUTE RESOLUTION IN ASIA-PACIFIC BY CHAMBERS AND PARTNERS 2019

We are pleased to announce that we have achieved Chambers and Partners Band 2 ranking in the practice of Dispute Resolution in Asia – Pacific. Dispute resolution is one of our main services.

Our Partner Nguyen Ngoc Minh has been individually recognized as an Up and Coming Lawyer for Dispute Resolution in Asia – Pacific. According to the Chambers research, he is a notable practitioner who has been praised by interviewees as “a brilliant and articulate, and also very hard-working” lawyer.

Chambers and Partners ranking is based on their independent research which have been trusted by a lot of firms across many practice areas and geographies in years. Chambers identifies the best law firms and individual lawyers globally.


AN AWARD OF AROUND 2 MILLION USD SECURED

The arbitration team of Dzungsrt & Associates LLC has secured an award of around 2 Million USD for our international client in a construction arbitration at the VIAC. The Case has been ongoing for three years and involved multiple issues of EOT, price adjustment and contract finalisation.

Our Dispute Resolution Practice is headed by Mr Dang Viet Anh – Managing Partner and Mr. Nguyen Ngoc Minh – Partner, who are both CEDR Accredited Mediators, with other members such as Ms. Tran Ha Han – Senior Associate, Ms. Nguyen Thi Thu Trang – Arbitration Counsel, Ms. Nguyen Le Quynh Chi – Associates and Ms. Dang Vu Minh Ha – Associate. They are all experienced, capable and enthusiastic.

 

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