After the Second World War international trade boomed, and the related disputes increased as well. International arbitration has been the most widely used mean of out-of-court dispute resolution, because of its flexibility, confidentiality, neutrality, the preference by lawyers and its international enforceability.
But international commercial mediation is cheaper and faster. Its average cost is less than 5% of the average cost of arbitration and it usually lasts no longer than two-three months. And in a short while it will have “teeth”: international enforceability, thanks to the Singapore Mediation Convention, to be signed in August 2019.
Moreover, in order to have an efficient cross-border mediation, it is necessary to consider: contract clauses, proceedings, cultural differences, the use of technology, training. Giovanni Matteucci 17.4.2019

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