In Decision 95/2023/KDTM-PT dated 24 August 2023 (“Decision 95”), the High People’s Court in Ho Chi Minh (“HCM High Court”) recognised and enforced a Singapore-seated Award between Sojitz and Rand Dong (a Vietnamese company). The dispute arose out of a share purchase agreement (“SPA”) where Sojitz alleged that Rang Dong did not fulfil its obligations under the SPA. Under Decision 95, the HCM High Court rejected the first instance decision No. 42/2023/KDTM-ST dated 10 January 2023 of the People’s Court of Ho Chi Minh city.
Please click the link below to read Decision 95: Vietnamese version | English version