Abstract

On 9 February 2018, UNCITRAL’s Working Group II of the United Nations Commission on International Trade Law (UNCITRAL) finished three years drafting a convention on cross-border mediated settlement agreements. The Convention, that is designed to facilitate compliance with agreements, offers a more expeditious alternative to relying on expensive and uncertain breach of contract lawsuits. The backstory of this milestone is really two stories: one on the multi-party negotiation process that produced the result and one on the substantive choices in the result. The two stories also illustrate the relationship between a well-designed process and result.

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