Mediation/Alternative Dispute Resolution in Oil, Gas and Energy Transactions: Superior to Arbitration/Litigation from a Commercial and Management Perspective
Article from: OGEL 2 (2003), in In the Spotlight
Introduction
The normal way for Western lawyers, and perhaps all modern lawyers, to settle a dispute is by litigation. In international business transactions, the role of litigation before courts has been largely replaced by litigation before international arbitral tribunals relying on such institutions and procedural rules as provided by the Paris-based International Chamber of Commerce, UNCITRAL, the Stockholm Chamber of Commerce, the London Court of International Arbitration or the World Bank’s International Centre for the Settlement of Investment Disputes (ICSID) plus a host of smaller, ‘emerging’ ...