Promulgation of 24 forms used in commercial mediation

On February 26, 2018, the Ministry of Justice promulgated the Circular No. 02/2018/TT-BTP providing guidance on forms used in commercial mediation.

24 forms used in commercial mediation are issued together with the Circular, including: 

- The application form for accreditation as ad hoc commercial mediator; 

- The application form for establishment of a commercial mediation center;

- The application form for addition of commercial mediation activities of an arbitration center; 

- The record of commercial mediation activities;

- Mediators record; 

- The records of mediation remunerations.

This Circular also provides for reporting on commercial mediation as follows:

- Each of commercial mediation institutions and Vietnam-based branches or representative offices of foreign commercial mediation institutions shall submit annual reports on its organization and commercial mediation activities to the Department of Justice of province where the its head office is located. 

- An annual report presents the period from January 01 to December 31 and includes:

+ Actual data obtained from January 01 to October 31 inclusively; and 

+ Estimated date obtained from November 01 to December 31 inclusively.

- Annual reports must be submitted by November 15. 

The Circular No.02/2018/TT-BTP is coming into force from April 20, 2018.