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What is Suggestions for Settlement

Chapter 9
Policies, Practices, and Protocols for International Commercial Arbitration
In arbitration law, parties may submit suggestions for the settlement of the dispute to the conciliator. This can be done on their own initiative or at the invitation of the conciliator. The conciliator will then consider these suggestions while trying to facilitate a settlement between the parties.
Published in Chapter:
Policies, Practices, and Protocols for International Commercial Arbitration: A Review
Copyright: © 2023 |Pages: 15
DOI: 10.4018/978-1-6684-4040-7.ch009
Abstract
Although the policies, practices, procedures, and protocols governing international commercial arbitration can vary from one country to the other, they all share a common goal: to facilitate the peaceful resolution of disputes between disputing parties without the need for drawn-out, expensive litigation. But policies shift, practices vary, and protocol requirements differ across nations. An effort to provide comprehensible discussions of these in a variety of national contexts is made in this chapter.
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