Arbitrating and Mediating Disputes

Read pages 3–5 (Introduction, Context, and Importance), page 7 (AMD Results), and page 23 (Conclusion). This paper describes foreign investors' need to have assurances that disputes in other countries are settled fairly and promptly. Unfortunately, there is great inconsistency among global economies regarding policy and best practices. There are several opportunities for improvement, including greater flexibility in domestic arbitration regimes, reduction of the length of arbitration proceedings in many parts of the world, and specialized courts with the capacity and experience to deal with commercial arbitral awards. Significantly, many economies have acceded to the New York Convention to recognize and enforce arbitral awards.