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From “Face‐Saving” to “Cost Saving”: Encouraging and Promoting Business Mediation in Asia
Author(s) -
Yin Kim Shi
Publication year - 2014
Publication title -
alternatives to the high cost of litigation
Language(s) - English
Resource type - Journals
eISSN - 1549-4381
pISSN - 1549-4373
DOI - 10.1002/alt.21555
Subject(s) - mediation , bit (key) , dispute resolution , business , political science , face (sociological concept) , alternative dispute resolution , public relations , psychology , sociology , law , computer science , computer security , social science
The past decade has witnessed a surge in efforts to institutionalize and popularize business mediation as an alternative to litigation in Asia. For example, the anticipated establishment of the Singapore International Mediation Centre ( bit.ly/1rqO845 ) and the existence of the Hong Kong Mediation Council ( bit.ly/1vQWqGS ) and Financial Dispute Resolution Centre ( bit.ly/1skmJpO ), evince an increasing demand for mediation in Asia. It has been just over two years since the Hong Kong SAR adopted a Mediation Ordinance ( bit.ly/1pUVDRe ), which entered into effect on January 1, 2013, signaling that states are becoming aware of the need to regulate mediation.