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ADB Supports South Pacific “Open for Business” with International Arbitration

The South Pacific region used to be one of the few regions in the world without an effective legal framework to resolve cross-border commercial disputes through international arbitration, a private dispute resolution process that involves parties from different countries submitting their dispute to a neutral arbitrator or panel. This form of cross-border dispute resolution and enforcement regime is fundamental to foreign investment, trade, climate finance, and resolves disputes quicker than going to court.