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Arbitrating and Mediating Disputes : Benchmarking Arbitration and Mediation Regimes for Commercial Disputes Related to Foreign Direct Investment

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dc.contributor.authorPouget, Sophie
dc.date.accessioned2014-02-04T16:11:30Z
dc.date.available2014-02-04T16:11:30Z
dc.date.issued2013-10
dc.description.abstractAn effective commercial arbitration regime matters for foreign investors. It gives parties the autonomy to create a dispute resolution system tailored to increasingly complex disputes. Foreign investors view arbitration as a way to mitigate risks by providing legal certainty on enforcement rights, due process, and access to justice. The Arbitrating and Mediating Disputes indicators assess the legal and institutional framework for commercial arbitration, mediation, and conciliation regimes in 100 economies. All surveyed economies recognize arbitration as a tool for resolving commercial disputes and only nine economies have not acceded to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. In the Arbitrating and Mediating Disputes indicators, High Income OECD and Eastern Europe and Central Asia are the regions that reformed their laws on alternative dispute resolution the most between 2011 and 2012. The data also show that, globally, arbitration proceedings take 326 days on average, while recognition and enforcement proceedings of foreign arbitral awards take 557 days on average. The Arbitration and Mediating Disputes indicators are significantly correlated with perception data on the importance of alternative dispute resolution, as well as other measures such as total foreign direct investment inflows and inflows per capita, the Doing Business 2013 Enforcing Contracts data, the World Bank Group's Governance Indicators, the World Economic Forum's Global Competitiveness Indicators, and the Multilateral Investment Guarantee Agency's World Investment and Political Risk data. The paper concludes by identifying several opportunities for improvement, such as greater flexibility for domestic arbitration regimes, faster arbitration proceedings, and better domestic court capabilities.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/10/18338609/arbitrating-mediating-disputes-benchmarking-arbitration-mediation-regimes-commercial-disputes-related-foreign-direct-investment-arbitrating-mediating-disputes-benchmarking-arbitration-mediation-regimes-commercial-disputes-related-foreign-direct-investment
dc.identifier.doi10.1596/1813-9450-6632
dc.identifier.urihttps://hdl.handle.net/10986/16849
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6632
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO INFORMATION
dc.subjectADR
dc.subjectALTERNATIVE DISPUTE RESOLUTION
dc.subjectAMICABLE SETTLEMENT
dc.subjectAPPLICABLE LAW
dc.subjectAPPOINTMENT OF ARBITRATORS
dc.subjectARBITRAGE
dc.subjectARBITRAL AWARD
dc.subjectARBITRAL PROCEEDINGS
dc.subjectARBITRAL TRIBUNAL
dc.subjectARBITRAL TRIBUNALS
dc.subjectARBITRATION
dc.subjectARBITRATION ACT
dc.subjectARBITRATION AGREEMENT
dc.subjectARBITRATION AGREEMENTS
dc.subjectARBITRATION AWARDS
dc.subjectARBITRATION CASE
dc.subjectARBITRATION CASES
dc.subjectARBITRATION CLAUSES
dc.subjectARBITRATION COURTS
dc.subjectARBITRATION INSTITUTIONS
dc.subjectARBITRATION LAW
dc.subjectARBITRATION LAWS
dc.subjectARBITRATION PROCEEDINGS
dc.subjectARBITRATION PROCESS
dc.subjectARBITRATION RULES
dc.subjectARBITRATION TRIBUNAL
dc.subjectARBITRATIONS
dc.subjectARBITRATOR
dc.subjectARBITRATORS
dc.subjectAWARD
dc.subjectBILATERAL INVESTMENT TREATIES
dc.subjectBILATERAL INVESTMENT TREATY
dc.subjectBREACH
dc.subjectBUSINESS LAW
dc.subjectCASE LAW
dc.subjectCASE MANAGEMENT
dc.subjectCERTIFIED COPY
dc.subjectCIVIL CODE
dc.subjectCIVIL CODES
dc.subjectCLAIM
dc.subjectCOMMERCIAL ARBITRATION
dc.subjectCOMMERCIAL CONTRACTS
dc.subjectCOMMERCIAL DISPUTES
dc.subjectCOMMERCIAL LITIGATION
dc.subjectCOMMERCIAL MEDIATION
dc.subjectCOMMERCIAL TRANSACTIONS
dc.subjectCOMPETENT COURT
dc.subjectCOMPLEX DISPUTES
dc.subjectCONCILIATOR
dc.subjectCONFIDENTIALITY
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCONTROL OF CORRUPTION
dc.subjectCONVENTION
dc.subjectCOURT
dc.subjectCOURT JUDGMENT
dc.subjectCOURTS
dc.subjectCREDIBILITY
dc.subjectCROSS-BORDER TRANSACTIONS
dc.subjectDEBTOR
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISPUTE
dc.subjectDISPUTE RESOLUTION
dc.subjectDISPUTE RESOLUTION SYSTEM
dc.subjectDISPUTE SETTLEMENT
dc.subjectDISPUTE TO ARBITRATION
dc.subjectDISPUTES
dc.subjectDOMESTIC AWARDS
dc.subjectDOMESTIC COURTS
dc.subjectDOMESTIC LAWS
dc.subjectDOMESTIC LEGISLATION
dc.subjectDUE PROCESS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectEFFECTIVE ARBITRATION
dc.subjectEMERGING MARKETS
dc.subjectENFORCEMENT PROCEEDINGS
dc.subjectENFORCEMENT PROCESS
dc.subjectENFORCEMENT RIGHTS
dc.subjectENTIRE CONTRACT
dc.subjectEXPROPRIATION
dc.subjectFOREIGN ARBITRAL AWARDS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTOR
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN OWNERSHIP
dc.subjectFREE TRADE
dc.subjectFREE TRADE AGREEMENTS
dc.subjectGLOBAL COMPETITIVENESS
dc.subjectHOLDING
dc.subjectHOST ECONOMY
dc.subjectIFC
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE INDUSTRY
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTERNATIONAL ARBITRATION
dc.subjectINTERNATIONAL ARBITRATIONS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BUSINESS
dc.subjectINTERNATIONAL CENTER FOR SETTLEMENT OF INVESTMENT DISPUTES
dc.subjectINTERNATIONAL CHAMBER OF COMMERCE
dc.subjectINTERNATIONAL COMMERCE
dc.subjectINTERNATIONAL COMMERCIAL ARBITRATION
dc.subjectINTERNATIONAL COMMERCIAL CONCILIATION
dc.subjectINTERNATIONAL CONVENTIONS
dc.subjectINTERNATIONAL DISPUTES
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL LAW
dc.subjectINTERNATIONAL TRADE
dc.subjectINTERNATIONAL TRADE LAW
dc.subjectINVESTING
dc.subjectINVESTMENT AGREEMENT
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT DISPUTES
dc.subjectINVESTMENT DISPUTES BETWEEN STATES
dc.subjectJUDICIAL ENFORCEMENT
dc.subjectJUDICIAL INDEPENDENCE
dc.subjectJUDICIAL PROCEEDINGS
dc.subjectJUDICIAL SYSTEM
dc.subjectJURISDICTION
dc.subjectJURISDICTIONAL ISSUES
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL PROVISIONS
dc.subjectLEGAL QUESTIONS
dc.subjectLEGAL REFORMS
dc.subjectLEGAL RELATIONSHIP
dc.subjectLEGAL SYSTEM
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMEDIATION
dc.subjectMEMBER STATE
dc.subjectMITIGATION
dc.subjectMODEL LAW
dc.subjectMODEL LAWS
dc.subjectMULTINATIONAL CORPORATIONS
dc.subjectNATIONS
dc.subjectORAL AGREEMENT
dc.subjectORIGINAL CONTRACT
dc.subjectPARTIES TO ARBITRATION
dc.subjectPATENT LAW
dc.subjectPLACE OF ARBITRATION
dc.subjectPLACES OF BUSINESS
dc.subjectPLAINTIFF
dc.subjectPOLICE
dc.subjectPOLICY FORMULATION
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL RISK
dc.subjectPOLITICAL RISKS
dc.subjectPOLITICAL STABILITY
dc.subjectPRIVATE ARBITRATION
dc.subjectPRIVATE LAW
dc.subjectPRIVATE PARTIES
dc.subjectPROPERTY RIGHTS
dc.subjectPROVISIONS
dc.subjectRECONSTRUCTION
dc.subjectREGULATORY REFORM
dc.subjectREQUEST FOR ARBITRATION
dc.subjectRESTRAINT
dc.subjectRULE OF LAW
dc.subjectRULES
dc.subjectRULES OF PROCEDURE
dc.subjectSETTLEMENT OF DISPUTES
dc.subjectTIME LIMITS
dc.subjectTRADE AGREEMENTS
dc.subjectTRANSPARENCY
dc.subjectVALID ARBITRATION AGREEMENT
dc.subjectVIOLENCE
dc.titleArbitrating and Mediating Disputes : Benchmarking Arbitration and Mediation Regimes for Commercial Disputes Related to Foreign Direct Investmenten
dspace.entity.typePublication
okr.crosscuttingsolutionareaFragility, Conflict, and Violence
okr.crossref.titleArbitrating and Mediating Disputes: Benchmarking Arbitration and Mediation Regimes for Commercial Disputes Related to Foreign Direct Investment
okr.date.disclosure2013-10-01
okr.date.doiregistration2025-04-10T09:45:31.548543Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2013/10/18338609/arbitrating-mediating-disputes-benchmarking-arbitration-mediation-regimes-commercial-disputes-related-foreign-direct-investment-arbitrating-mediating-disputes-benchmarking-arbitration-mediation-regimes-commercial-disputes-related-foreign-direct-investment
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid554271468340163221
okr.identifier.doi10.1596/1813-9450-6632
okr.identifier.externaldocumentum000158349_20131002150412
okr.identifier.internaldocumentum18338609
okr.identifier.reportWPS6632
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/10/02/000158349_20131002150412/Rendered/PDF/WPS6632.pdfen
okr.region.geographicalCentral Asia
okr.topicLaw and Development::Contract Law
okr.topicLaw and Development::Trade Law
okr.topicLaw and Development::Arbitration
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicConflict and Development::Post Conflict Reconstruction
okr.unitGlobal Indicators and Analysis Department, Financial and Private Sector Development Network
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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