The results of the lawsuit towards Son Tung M-TP is that he should pay almost 6 billion VND in compensation.

The Vietnam Worldwide Arbitration Council (VIAC) dominated that Son Tung M-TP’s firm M-TP Expertise should pay TAD Firm almost 6 billion VND, however the court docket determined to cancel the VIAC’s ruling.

On the afternoon of August 15, the Ho Chi Minh Metropolis Folks’s Court docket held a gathering to resolve the request to cancel the VIAC determination on the request of M-TP Expertise Joint Inventory Firm (M-TP Firm, headquartered in District 7, Ho Chi Minh Metropolis). TAD World Vietnam Firm (TAD Firm) is the associated social gathering.

The events concerned on the assembly on the afternoon of August 15.

Based on the data, Nguyen Thanh Tung (Son Tung M-TP) is the Chairman of the Board of Administrators and authorized consultant of M-TP Expertise Joint Inventory Firm. On March 31, 2022, TAD Firm signed a contract to supply companies and grant picture rights with M-TP Expertise Firm, the contract is price greater than 25 billion VND, the contract implementation interval is 12 months.

Based on the contract, Nguyen Thanh Tung participates within the manufacturing of digital content material and makes use of this content material on the RACA digital universe platform. TAD Firm creates the land of artist Son Tung M-TP on the RACA platform together with digital characters, digital avatars and digital gadgets.

TAD Firm has paid 100% of the service price, however as a result of in Could 2022, Son Tung was administratively punished for the MV There is no one in any respect, TAD Firm doesn’t need to carry out the work gadgets within the following interval (together with attending a efficiency recording session, filming and posting on social networks with a complete worth of about 6.2 billion VND).

In June 2023, M-TP Expertise introduced its refusal to carry out on the grounds that the contract had expired. TAD Firm didn’t agree and sued M-TP Expertise at VIAC.

In April, VIAC ordered M-TP Expertise to pay TAD almost 6 billion VND.

Disagreeing, M-TP Expertise Firm requested the Ho Chi Minh Metropolis Folks’s Court docket to cancel the arbitration award.

On the assembly on the afternoon of August 15, M-TP Expertise Firm requested the Council to annul VIAC’s determination. TAD Firm offered many points proving that VIAC’s determination was in accordance with arbitration rules, requesting the court docket to reject M-TP Expertise Firm’s request.

Nonetheless, the panel of judges annulled the VIAC verdict on the request of M-TP Expertise firm.