Mediation is now an ADR method commonly employed across all sectors – from family disputes to commercial relationships and construction projects. Proponents of mediation often say that everything under the sun can be mediated. However, it may be hard to convince staunch arbitrators and litigators that a non-compulsory, non-binding, consensual process is indeed the best way to resolve certain disputes.
The global landscape in recent times has undergone profound change, driven by accelerated technology developments, rising geopolitical uncertainties, and divergent growth paths between developed, developing and emerging economies. Against this changing backdrop, international arbitration has continued to thrive and develop as a preferred means for resolving cross-border disputes.