Paths of Mediation in Bosnia and Herzegovina

"For the emerging economies of the Western Balkans, private investment is an important engine for economic growth and the ongoing financial crisis has heightened the competition for private capital. Governments in this region have been working to address the legal and institutional issues that affect the business enabling environment for private investment and according to the World Bank Group’s 2010 Doing Business report, this region is one of the fastest reforming in the world.

However, the region’s performance on contract enforcement and feedback from investors make it clear that much work needs to be done to address issues around contract enforcement and to help minimize the risks associated with private investment. Alternative Dispute Resolution (ADR) is an important mechanism for providing effective and credible alternatives for resolving disputes outside of the court system. IFC has played a leading role in introducing effective and sustainable ADR programs across the region. According to IFC’s monitoring system, more than 90 million (US dollars) have been released for investment through the mediation of commercial disputes in the Western Balkans, of which 30 million (US dollars) in Bosnia and Herzegovina.

This publication serves to document the development and implementation of commercial mediation in BiH while drawing lessons that can guide future development and innovation. Finally, I wish to acknowledge the substantive contributions of the mediation community of practice in BiH, across the region and internationally to this important publication." 

Web-link: http://www.ifc.org/ifcext/fias.nsf/AttachmentsByTitle/ADRPublications_ADRBH/$FIL...
Source: IFC
Language: English