With the astoundingly rapid development of the market economy in Vietnam, commercial disputes are inevitable. Assuming your side has a strong case, you can often expect a favorable judgment. Nevertheless, it is well-known that the resolution of commercial disputes often results in a significant investment in time and money for any business. In addition, contrary to common thinking, the actual winning of a lawsuit is only one step in the recovery process. It does not mean that the Civil Judgment Enforcement Authority will automatically enforce a legally effective judgment or arbitral award (except when the Civil Judgment Enforcement Authority decides to enforce judgments on its own initiative). Should a favorable judgment or arbitral award be obtained, enterprises are still required to submit written requests for civil judgment enforcement, because the trial stage and the judgment enforcement stage are two separate and independent phases of litigation. Each stage has its own functions and processes.
How long does it take for an enterprise that wins a case to have the judgment enforced (receiving money/recovering assets)? How much does judgment enforcement cost? What are the common obstacles faced by enterprises looking to enforce business and commercial judgments?
The fact is that there are numerous enterprises that have won lawsuits, but fail to complete the enforcement process which is prolonged and accumulates from year to year. In this important Seminar entitled: “Commercial Judgements Enforcement – Obstacles and Solutions”, we will arm enterprises with the necessary legal knowledge to navigate the field of business and commercial judgment enforcement. We will also offer strategies to assist enterprises in their interactions with the Civil Judgment Enforcement Authority in order to minimize delay in the judgment enforcement process.
08:45 AM – 10:30 AM