ALTERNATIVE DISPUTE RESOLUTION (ADR): A NEW TREND OF ECONOMIC CONFLICTS SETTLEMENT
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DOI:
https://doi.org/10.55662/IJLDAI.2022.8605Keywords:
ADR, economic dispute, settlement, trend, international, VietnamAbstract
In the process of international commerce activities, the parties always face to the disputes. However, the problem is how to not only settle the disputes affect and fast but also keep the good relationship between the parties. Alternative Dispute Resolution (hereinafter refer to ADR) is a selected priority by the parties to solve disputes in peace. ADR becomes the international trend to settle the dispute because of its advantages in comparison with other methodologies such as court with complicated litigation. Therefore, via this paper, I will analyze the characteristics of ADR and also the trend of ADR around the world nowadays. In the end, I will give the conclusions about ADR and recommendations for using ADR better in the next future.
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References
UNCITRAL Model Law on International Commercial Mediation and International Settlement Agreements Resulting from Mediation, https://uncitral.un.org/en
Mediation Rules, ICC, https://iccwbo.org/dispute-resolution-services/mediation/mediation-rules/
https://www.dol.gov/general/topic/labor-relations/adr
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