Mediation in the new concept of real alternatives for dispute resolution in international trade Cover Image

Mediace v nové koncepci skutečných alternativ pro řešení sporů v mezinárodním obchodě
Mediation in the new concept of real alternatives for dispute resolution in international trade

Author(s): Michal Malacka
Subject(s): Law, Constitution, Jurisprudence, Business Economy / Management, Civil Law, International Law, Commercial Law
Published by: Univerzita Palackého v Olomouci
Keywords: Mediation; arbitration; international business law; Singapore Convention on Mediation; New York Convention on the Recognition and Enforcement of Arbitral Awards; alternative dispute resolution (ADR);

Summary/Abstract: Mediation and arbitration play a key role in modern international business law, especially due to their efficiency, flexibility and ability to respond to the needs of a globalized business environment. The Singapore Convention on Mediation and the New York Convention on the Recognition and Enforcement of Arbitral Awards provide solid legal foundations for out-of-court dispute resolution. The Singapore Convention esta¬blishes a mechanism for the recognition and enforcement of agreements reached through mediation, which significantly enhances the legal certainty of mediation. On the contrary, the New York Convention has long ensured the enforceability of arbitral awards and is the basis for global acceptance of arbitration. Both conventions underline the importance of alternative dispute resolution (ADR) in international trade and contribute to economic stability and strengthening trust between trading partners.

  • Issue Year: 19/2024
  • Issue No: 3
  • Page Range: 198-228
  • Page Count: 32
  • Language: Czech
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