Model Law on International Commercial Mediation

The Model Law on International Commercial Mediation is a set of guidelines adopted by many countries to make resolving international business disputes through mediation more consistent and fair. Mediation is a process where a neutral third-party helps the disputing parties find a mutually acceptable solution without going to court. This law provides rules on how to initiate mediation, conduct the process, and enforce any agreement reached. Its goal is to facilitate smoother, more predictable resolution of cross-border disputes, encouraging businesses to settle conflicts efficiently and amicably.