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Resolution of Commercial Disputes - Coggle Diagram
Resolution of Commercial Disputes
Litigation vs. ADR
: ⚖️
Mediation/Conciliation
Negotiation
Arbitration
Finalitry of oecision
Litigation
Negotiation
🌍
International Aspects
UNICITRAL Model Law on Arbitration
Cross-Border Enforcement
New York Convention
Challenges with litigation Arbitration preferred
Treaties & Conventions
💡Theoretical Underpinnings
Efficiency & Cost-Effectiveness
Enforceability
Party Autonomy
Preservation of Relationships
Access to Justice
🤝Key Principles
Good faith
Confidentiality
Neutrality
Finality of decision
Dispute Resolution System
Alternative Dispute Resolution(ADR)
Adversarial
Costly & time-consuming
Public process
Arbitration
Court system
Mediation
Litigation
Conciliation