Vietnam - New arbitration law
On 1 January 2011 the Law on Commercial Arbitration ("LCA") came into force in Vietnam. The LCA is expected to broaden the scope of arbitral disputes and integrate international standards and practices. A big step forward under the new law is the removal of the requirement of Vietnamese citizenship from the qualifications of an arbitrator. This provision is a direct response to the demands made by foreign investment in Vietnam.
General - CIOB publishes ground breaking guide on managing time
The CIOB has published the 'Guide to Good Practice in the Management of Time in Complex Projects' authored by an international team of experts. This new handbook uses a logical step by step approach to show how an effective time model can be used to manage the risk of delay to completion on construction projects.
CIOB Past President Kieth Pickavance said: "Time Management in construction projects is critical.
Delayed completion affects IT, process plant, oil and gas, civil engineering,and in fact it affects all industries, in all countries, and the bigger the project, the more damage delayed completion causes to costs, and reputation.Complex projects in particular require an analytical approach if they are to succeed. Until now there has been no guidance produced on how to manage time pro-actively, and effectively on complex projects.”
Please click here to view the full CIOB article.