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2015 (EL)

Med/Arb Models

Ftika, Afrodite

Nowadays, businesses have a very simple and straightforward approach to resolving disputes. They need disputes resolved quickly and efficiently. In the globalized world of commerce, this is not possible because of the legal and procedural complexities surrounding formal dispute resolution. Thus businesses, along with legal experts across the world, have started changing the dispute resolution landscape to accommodate these growing needs by introducing less formal procedures for dispute resolution. These procedures are known as Alternative Dispute Resolution (ADR). The International Finance Corporation (IFC), the key player in private sector development in new and emerging markets, started supporting commercial ADR through a number of projects to accelerate this change worldwide. In particular, the IFC has partnered with local governments, justice ministries, lawyers’ associations, business membership organizations, and international mediation experts. Globally the formal justice system deals with disputes through litigation, ADR focuses on alternative ways of dealing with disputes. ADR includes dispute resolution processes and techniques that act as a means for disagreeing parties to come to an agreement. It is a term for the ways that parties can settle disputes with or without the help of a third party1. The neutral third party assists the parties in determining the type of ADR process to be used. ADR typically includes early neutral evaluation, negotiation, conciliation, mediation and arbitration. The latter two, mediation and arbitration, are often used in conjunction with one another, in the truest form of Mediation/Arbitration (Med/Arb). Med/Arb is an example of a hybrid process and an increasingly popular alternative ADR mechanism, in which the disputing parties and a neutral third party attempt to reach a voluntary agreement through mediation. In the event that the parties fail to resolve the dispute, the neutral third party will assume the role of arbitrator and determine the outcome of the dispute on behalf of the parties2. The combination of mediation and arbitration systems is considered an important characteristic of international dispute resolution. Many have praised its advantages, while others consider it to violate the nature of justice and due procedure. This paper analyzes the foundations for the combination of mediation and arbitration, the characteristics of each ADR 1 Alternative Dispute Resolution Center Manual, A Guide for Practitioners on Establishing and Managing ADR Centers, Investment Climate Advisory Services of the World Bank Group, 2011, 2-3. 2 Megan Elizabeth Telford IRC (INDUSTRIAL RELATIONS CENTRE) Med-Arb: A Viable Dispute Resolution Alternative, IRC Press, Industrial Relations Centre, Queen’s University, Kingston, Ontario, Canada, 2000, 1. 6 method and their differences, looks into current functions and existent problems of Med/Arb Models, points out the fields where the Med/Arb process has developed, and finally introduces the different forms of these models.

masterThesis

Dissertations, Academic
Arbitration and award
Dispute resolution (Law)
Mediation


Αγγλική γλώσσα

2015-06-11T11:16:19Z
2015-06-11
2015-09-27T05:57:04Z


ihu
School of Economic and Business Administration,LL.M in Transnational and European Commercial Law and Alternative Dispute resolutions




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