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Trading Partners are in Conflict. Mediation, Arbitration, Court – the Current Settlement Possibilities

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  • MARIN Marilena

    () (“Ovidius” University of Constanta)

Abstract

Integration issues in the contemporary world are a current concern of anyone who tends to the evolution of social, professional and beyond. As our business, Romans followed with interest the European integration and integration in the contemporary world, but from different perspectives, depending on various factors. Acts and deeds of trade are subject written or unwritten rules and pursue counterparties each first meeting his rights. This sometimes generates violating the rights of others and/ or failure of the legal obligations assumed made with the commercial legal relationship. A dispute and restore legality are possible so amicably and by resorting to a competent authority. Such authority may be the court or court of arbitration. By regulation of the mediator, has become a new authority in resolving a conflict competence including commercial. Mediation procedure seems to be a fast, less expensive and elegance of a dispute between partners. We consider the efficiency comparison in this paper the possibilities for settlement of conflicts between partners. The novelty of this work lies in the fact that until now have never been studied versus all three ways of solving disputes.

Suggested Citation

  • MARIN Marilena, 2010. "Trading Partners are in Conflict. Mediation, Arbitration, Court – the Current Settlement Possibilities," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 387-391, May.
  • Handle: RePEc:ovi:oviste:v:10:y:2010:i:1:p:387-391
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    Keywords

    mediation; arbitration; trial; commercial conflicts; European integration;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • K29 - Law and Economics - - Regulation and Business Law - - - Other

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