- Arbitration — Mediation
Mediation, from the International Court of Arbitration (ICC) perspective, has very much been a matter of evolution, as amicable resolution of disputes has been practiced within the organization for nearly one hundred years. The evolution has been reflected in the nature of disputes that were referred to the ICC, in the rules under which the disputes were administered as well as in the number of cases administered every year. Current ICC Mediation Rules and the practice of the ICC International Centre for ADR give much reason to believe that the future of cross-border mediation is bright. Their soupleness has allowed a growing number of companies from all regions of the world to mediate billions of dollars’ worth of disputes. The complexity of the controversies referred to the ICC has been putting to test the ICC Rules, the parties’ agreements as well as the mediators’ skillfulness. With the new generations of dispute resolution professionals becoming accustomed to mediation thanks to initiatives such as the annual ICC International Commercial Mediation Competition, friendly settlement of disputes, as it was once called, will undoubtedly go farther.
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