Selection criteria

Introduction

Not one type of instrument presented on this website is more or less suitable than another as a means of reaching commercial dispute resolution. Instead it is dependent on the nature of the dispute as to the type instrument implemented.

It is up to the parties to carefully choose the most suitable instrument to resolve their individual dispute. When doing so, the parties should ask themselves the following question: How can an efficient, fair and sustainable solution be best achieved? For this purpose, the parties will have to identify the cause of their dispute and define their objectives.

In order to assist the parties in this process, we have compared and evaluated different instruments by applying the following criteria: Costs, duration, enforceability, confidentiality and procedural flexibility. In addition, we have summarized some advantages of each instrument in a table-overview.

Finally, we have identified options as to how several instruments can be combined.