Conciliation and reconciliation as amicable methods of settling commercial disputes

Abstract

The use of the friendly means to resolve conflicts today is urgent, in order to meet the requirements of modern business with the continuous development of international trade, the resulting complexity in transactions, the need for speed and effectiveness in deciding on disputes, and the specialization of those who consider these differences or Contribute to its solution, hence the need for legal mechanisms to enable the conflicting parties to resolve their differences in a swift, just and high way, while giving them the privacy, flexibility and freedom that are not normally available in the courts.
Commercial conciliation and reconciliation are of great importance as friendly methods and alternative means of settling commercial disputes, especially since the parties to this trade are constantly clashing and growing steadily, which helps to make significant progress in the role that these means contribute to the settlement of disputes, This, in turn, affects the development and evolution of trade, in particular international trade, by maintaining friendly relations between the parties, and helps to increase the goodwill and continuity of relations and maintain a spirit of cooperation and complementarity among them.