Using ODR to Settle Disputes in International Payments by Letter of Credit
Journal Title: Journal of Economics, Finance and Management Studies - Year 2025, Vol 8, Issue 04
Abstract
In this article, the authors will summarize and analyze issues related to the method of payment by letter credit (L/C), disputes that may arise between the parties during the implementation process and legal regulations on resolving such disputes by Online Alternative Disputes Resolution (ODR). The article also points out the advantages and disadvantages of the method of resolving disputes related to L/C by ODR. From there, the authors make assessments and recommendations so that the parties using L/C can resolve disputes effectively by ODR to maintain and develop business relationships in the future.
Authors and Affiliations
Dr. Nguyen Minh Thao , Pham Thanh Nga, LL. M
Keywords
Related Articles
- EP ID EP764825
- DOI 10.47191/jefms/v8-i4-34
- Views 8
- Downloads 0
Socio-Economic Study of the Productive Role of Married Women in West Nusa Tenggara
This paper aims to analyze socio-economic factors (women's education, husband's education, wages, family income, non-labor income, household expenditure) that encourage the productive role (work participation) of married...
The Role and Importance of Personnel Motivation in Food Industry Enterprises
This article discusses the importance and relevance of staff motivation in the food industry, as well as the types of motivation provided by the author and the tools they use in practice. As a result of the study, it was...
The Affect of Economic Growth toward Poverty in JABODETABEK
The problem of poverty in JABODETABEK when measured by the percentage of poverty has decreased but tends to be slow in 2014-2018 and this problem is a challenge for the government because the poverty rate is still high i...
Board Structure Diversity and Dividend Decisions of Deposit Money Banks in Sub-Sahara African Countries
A board must be varied in size and independence to make intelligent dividend payouts. This research analyses how board structure diversity and traditional criteria affect Sub-Saharan African banks dividend choices. From...
A Study of the Effect of the Treasury Single Account on Commercial Banks Deposits and Lending in Zambia
The implementation of the Treasury Single Account (TSA) in Zambia brought about drastic changes in the management of public funds. The Bank of Zambia assumed custodianship of public funds while Commercial Banks remain re...