Pouget, Sophie2014-02-042014-02-042013-10https://hdl.handle.net/10986/16849An 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-USCC BY 3.0 IGOACCESS TO INFORMATIONADRALTERNATIVE DISPUTE RESOLUTIONAMICABLE SETTLEMENTAPPLICABLE LAWAPPOINTMENT OF ARBITRATORSARBITRAGEARBITRAL AWARDARBITRAL PROCEEDINGSARBITRAL TRIBUNALARBITRAL TRIBUNALSARBITRATIONARBITRATION ACTARBITRATION AGREEMENTARBITRATION AGREEMENTSARBITRATION AWARDSARBITRATION CASEARBITRATION CASESARBITRATION CLAUSESARBITRATION COURTSARBITRATION INSTITUTIONSARBITRATION LAWARBITRATION LAWSARBITRATION PROCEEDINGSARBITRATION PROCESSARBITRATION RULESARBITRATION TRIBUNALARBITRATIONSARBITRATORARBITRATORSAWARDBILATERAL INVESTMENT TREATIESBILATERAL INVESTMENT TREATYBREACHBUSINESS LAWCASE LAWCASE MANAGEMENTCERTIFIED COPYCIVIL CODECIVIL CODESCLAIMCOMMERCIAL ARBITRATIONCOMMERCIAL CONTRACTSCOMMERCIAL DISPUTESCOMMERCIAL LITIGATIONCOMMERCIAL MEDIATIONCOMMERCIAL TRANSACTIONSCOMPETENT COURTCOMPLEX DISPUTESCONCILIATORCONFIDENTIALITYCONTRACT ENFORCEMENTCONTROL OF CORRUPTIONCONVENTIONCOURTCOURT JUDGMENTCOURTSCREDIBILITYCROSS-BORDER TRANSACTIONSDEBTORDEVELOPING COUNTRIESDISPUTEDISPUTE RESOLUTIONDISPUTE RESOLUTION SYSTEMDISPUTE SETTLEMENTDISPUTE TO ARBITRATIONDISPUTESDOMESTIC AWARDSDOMESTIC COURTSDOMESTIC LAWSDOMESTIC LEGISLATIONDUE PROCESSECONOMIC DEVELOPMENTEFFECTIVE ARBITRATIONEMERGING MARKETSENFORCEMENT PROCEEDINGSENFORCEMENT PROCESSENFORCEMENT RIGHTSENTIRE CONTRACTEXPROPRIATIONFOREIGN ARBITRAL AWARDSFOREIGN DIRECT INVESTMENTFOREIGN DIRECT INVESTMENTSFOREIGN INVESTMENTFOREIGN INVESTORFOREIGN INVESTORSFOREIGN OWNERSHIPFREE TRADEFREE TRADE AGREEMENTSGLOBAL COMPETITIVENESSHOLDINGHOST ECONOMYIFCINSTRUMENTINSURANCEINSURANCE INDUSTRYINTELLECTUAL PROPERTYINTERNATIONAL ARBITRATIONINTERNATIONAL ARBITRATIONSINTERNATIONAL BANKINTERNATIONAL BUSINESSINTERNATIONAL CENTER FOR SETTLEMENT OF INVESTMENT DISPUTESINTERNATIONAL CHAMBER OF COMMERCEINTERNATIONAL COMMERCEINTERNATIONAL COMMERCIAL ARBITRATIONINTERNATIONAL COMMERCIAL CONCILIATIONINTERNATIONAL CONVENTIONSINTERNATIONAL DISPUTESINTERNATIONAL FINANCEINTERNATIONAL LAWINTERNATIONAL TRADEINTERNATIONAL TRADE LAWINVESTINGINVESTMENT AGREEMENTINVESTMENT CLIMATEINVESTMENT DISPUTESINVESTMENT DISPUTES BETWEEN STATESJUDICIAL ENFORCEMENTJUDICIAL INDEPENDENCEJUDICIAL PROCEEDINGSJUDICIAL SYSTEMJURISDICTIONJURISDICTIONAL ISSUESLEGAL FRAMEWORKLEGAL PROVISIONSLEGAL QUESTIONSLEGAL REFORMSLEGAL RELATIONSHIPLEGAL SYSTEMMACROECONOMIC ENVIRONMENTMEDIATIONMEMBER STATEMITIGATIONMODEL LAWMODEL LAWSMULTINATIONAL CORPORATIONSNATIONSORAL AGREEMENTORIGINAL CONTRACTPARTIES TO ARBITRATIONPATENT LAWPLACE OF ARBITRATIONPLACES OF BUSINESSPLAINTIFFPOLICEPOLICY FORMULATIONPOLICY RESEARCHPOLITICAL RISKPOLITICAL RISKSPOLITICAL STABILITYPRIVATE ARBITRATIONPRIVATE LAWPRIVATE PARTIESPROPERTY RIGHTSPROVISIONSRECONSTRUCTIONREGULATORY REFORMREQUEST FOR ARBITRATIONRESTRAINTRULE OF LAWRULESRULES OF PROCEDURESETTLEMENT OF DISPUTESTIME LIMITSTRADE AGREEMENTSTRANSPARENCYVALID ARBITRATION AGREEMENTVIOLENCEWorld Bank10.1596/1813-9450-6632