13 Feb 2018

Pacific considers collective arbitration on trade and investment

6:49 pm on 13 February 2018

Pacific countries will have to work together on international arbitration reform is the aim of discussions this week in Fiji.

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Photo: Lee Maoate Cox

The organisers of a conference this week in Nadi said working together would improve the countries' collective access to international markets and investment.

The inaugural South Pacific International Arbitration Conference is being hosted by the Asian Development Bank, the Fiji government and the United Nations Commission on International Trade Law organised the meeting.

International arbitration is a private dispute resolution mechanism that involves parties from different countries submitting their dispute to a neutral arbitrator or panel.

It is a globally preferred method for resolving cross-border commercial disputes.