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Vietnam's new bankruptcy law introduces a mandatory framework that automatically suspends and potentially terminates arbitration proceedings once a debtor enters insolvency. The legislation creates an explicit sequence of procedures that affects both domestic and potentially foreign-seated arbitrations, raising critical questions about jurisdiction, enforcement, and the interplay between arbitration agreements and insolvency proceedings.

In an effort to further improve the procedural legal framework, enhance the effectiveness and efficiency of judicial activities, and solidify ongoing...