1. The legal systems of Singapore and Vietnam differ, with Singapore following the common law system influenced by British law and Vietnam following the civil law system influenced by French and Soviet law. The main difference is that common law relies on judicial precedent from published court cases while civil law relies on codified statutes.
2. Arbitration and courts are two options for resolving commercial disputes. Arbitration is usually private, faster, and allows parties more control over the process and arbitrators, but the decision can be challenged more easily. Courts provide more certainty in enforcement but the process is usually slower, more public, and parties have less control.
3. During a field study in Singapore, the author observed little racism and
Original Description:
Vietnamese, from Ho Chi Minh City University of LAw
1. The legal systems of Singapore and Vietnam differ, with Singapore following the common law system influenced by British law and Vietnam following the civil law system influenced by French and Soviet law. The main difference is that common law relies on judicial precedent from published court cases while civil law relies on codified statutes.
2. Arbitration and courts are two options for resolving commercial disputes. Arbitration is usually private, faster, and allows parties more control over the process and arbitrators, but the decision can be challenged more easily. Courts provide more certainty in enforcement but the process is usually slower, more public, and parties have less control.
3. During a field study in Singapore, the author observed little racism and
1. The legal systems of Singapore and Vietnam differ, with Singapore following the common law system influenced by British law and Vietnam following the civil law system influenced by French and Soviet law. The main difference is that common law relies on judicial precedent from published court cases while civil law relies on codified statutes.
2. Arbitration and courts are two options for resolving commercial disputes. Arbitration is usually private, faster, and allows parties more control over the process and arbitrators, but the decision can be challenged more easily. Courts provide more certainty in enforcement but the process is usually slower, more public, and parties have less control.
3. During a field study in Singapore, the author observed little racism and
1. The main difference between the legal system of Singapore and
the legal system of Vietnam might be the law system between the two countries: Common law and Civil Law - Singapore is currently influenced by the British Common Law system. Singapore, in particular, began to be influenced by British law beginning in 1919. As a result, the British legal system has been integrated into the Singapore legal system in both direct and indirect ways. - On the other hand, the legal system of Vietnam has all the characteristics of a civil law tradition, which is essentially based on the written law. The Vietnamese legal system was initially modeled on the French and Soviet systems until the late 1980s, when Vietnam adopted its Innovation - “Doi Moi” policy - More specifically, the main difference between the two systems is that in common law countries, case law — in the form of published judicial opinions — is of primary importance, whereas in civil law systems, codified statutes predominate.
2. There are numerous ways to settle a dispute. The parties can
choose between two types of dispute resolution: arbitration or court. The choice of arbitration or court is a concern of businesses when it comes to commercial dispute resolution. In the following analysis, I will provide an overview of the legal provisions as well as the benefits and drawbacks of two types of dispute resolution. First of all, for the Arbitration method- unless the parties have agreed otherwise, the dispute resolution is not a public trial. This advantage is extremely important to the parties in disputes involving intellectual property: inventions, etc. Furthermore, the parties may safeguard their reputation as well as other business secrets. Second, the arbitration process is simple and fast, the parties can be proactive in time and place for dispute resolution without having to go through many levels of negotiation. This allows the parties to save both the fee and time for dispute resolution. Third, because the arbitrator's decision is final, it is binding on the parties, and the right to appeal is null and void in this case. Moreover, the arbitrator is appointed by the parties to establish an arbitration tribunal in order to resolve the case in order to assist the parties in selecting a talented arbitrator with extensive experience and understanding of the dispute so that they can resolve disputes quickly and accurately. A final advantage of arbitration is that the parties don't need to adhere to any territorial restrictions, so any arbitrator can be selected by the parties. Meanwhile, in the name of the state, the court is an agency to settle disputes, so its judgments are guaranteed to be enforced by the state's power. Judgment enforcement agencies are specialized and have the necessary state departments in order to execute legally valid judgments. Therefore, judgment enforcement is guaranteed in most cases. Besides, due to the possibility of multiple levels of trial, the rules of multiple levels of trial ensure that the court's decisions are accurate, fair, objective, and lawful. As a final point, courts of law are more cost-effective at resolving economic disputes than commercial arbitration organizations and international arbitration tribunals. On the other hand, to begin with, the arbitral award is heavily dependent on the willingness of the disputing parties. If the party who is to execute the award does not voluntarily enforce or request the cancellation of the arbitral award, the judgment creditors may file a request with the enforcement judgment authority after the time limit for enforcement of the arbitral award has expired. Furthermore, one of the disputing parties may petition the Court to vacate the arbitral award. As a result, the judgment debtor may have difficulty enforcing the other party's obligations. Second, the fee for resolving disputes through arbitration is quite high, and it varies according to the value of the dispute. Based on the parties' capabilities, this is also something to consider. Third, the existence of the arbitration agreement is a prerequisite for the dispute to be subject to arbitration. Due to this, if one party needs to settle a dispute through arbitration but cannot reach an agreement with the other party, the dispute cannot be resolved through arbitration. When dealing with the court, first and foremost, the parties must follow the rules of the court. When it comes to dispute resolution, the parties cannot engage in proactive behavior as they do in arbitration. Secondly, it is a public trial. Due to the reputational risk involved, the parties should not protect their trade secrets. Consequently, the multi-level trial rules ensure that the court's decision is accurate and fair, but the case is prolonged and may be on trial multiple times, placing the parties at a disadvantage.
3.Apparently, even though Singapore is a multiracial, during the
field study programmed in this country I hardly witness racism activities. Obviously accountability, transparency, meritocracy and a corruption free administration. Account for every cent expended (the Official Secret Act should only be used to safeguard the nation's interest and not to conceal malpractices). Singapore being a multi racial society needs also to ensure that the minority's interest is also safeguarded. This includes laws to prevent the use of race and religion to create chaos. All of the traits of good governance will only work if these guiding principles are put into practice for very often many nations fail to actually implement them. To these failed states these catch phrases are just to fish for votes. There is a lack of political will as well because partisan patronage takes priority over clean governance ( such as the US where institutionalized corruption like lobbying and political funding is freely and openly acceptable ). Laws against fake news( which was passed as law recently) is also vital as being a closely knitted society, the wrong info can lead to distortions, manipulation of facts and result in civil strife and riots. Equally important, laws against slandering. The mere assumption(without proof) or rumors that certain senior officials or leaders are on the take would send a wrong message to junior officials that corruption is tolerable. This can lead the country to ruins. This is happening in neighboring countries (where corruption is widespread) and the road to recovery can be long and arduous. Inflation, increase in unemployment can result as confidence by investors cannot be built overnight. Successive governments will have to work very hard to overcome these insurmountable difficulties and very often they fail. Fresh elections may be called but it will not solve the problems created initially by unscrupulous leaders as seen in Greece, Africa, SEA and Latin American countries. The rot has set in and it may need the sacrifices of future generations to clear the stench. Singapore without natural resources can ill afford this lack of morality and lackadaisical attitude. A message must therefore be sent through the courts that accusations must be backed by facts otherwise there will be a hefty price to pay. For some countries it may be too late to learn from Singapore.