Generally, ADR is favored over Blank______ in resolving international disputesMultiple choice question.litigationmediationarbitrationconciliation
Question
Generally, ADR is favored over Blank______ in resolving international disputes
Multiple choice question.
- litigation
- mediation
- arbitration
- conciliation
Solution
Break Down the Problem
- Identify the options given in the multiple-choice question.
- Understand the context of ADR (Alternative Dispute Resolution) and its comparison to traditional methods.
Relevant Concepts
- ADR encompasses various methods, including arbitration, mediation, and conciliation.
- Litigation refers to the legal process of resolving disputes in court.
- The advantages of ADR over litigation often include reduced costs, time efficiency, confidentiality, and flexibility.
Analysis and Detail
- Litigation: Involves formal court proceedings, which can be lengthy and expensive.
- Mediation: A voluntary process where a neutral third party helps the disputing parties reach a settlement.
- Arbitration: Involves a neutral third-party decision-maker who makes a binding decision.
- Conciliation: Similar to mediation but often involves more active involvement by the conciliator in proposing solutions.
Verify and Summarize
ADR is generally favored because it provides a more efficient and less adversarial approach to dispute resolution compared to litigation.
Final Answer
ADR is favored over litigation in resolving international disputes.
Similar Questions
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_____helped to resolve issue of non performing assetsa.Lok adalatb.Civil Courtc.Tribunald.All of the aboveClear my choice
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