The Efficacy of Alternative Dispute Resolution in Commercial Disputes: A Comparative Analysis of Pakistan and International Best Practices
Introduction In an increasingly globalized economy, commercial disputes are inevitable. Traditional litigation, with its formal procedures and prolonged timelines, often proves inefficient for resolving such disputes. Alternative Dispute Resolution (ADR) mechanisms, including arbitration, mediation, and conciliation, provide a cost-effective and timely solution. This essay explores the efficacy of ADR in [...]