[Lee Jae-min] Nonbinding, amicable procedure does not just bark, it bites, too
ViewpointsDec 25, 2018
A dispute settlement proceeding between two states usually conjures up the image of stern-faced judges in robes under tightly controlled timeframes, and most importantly, a legally binding judgment with a serious penalty. This is very important, and many disputes go down this path. In the meantime, a notable new trend is forming. Nonbinding dispute settlement procedures that seek an amicable solution are making inroads into new treaties and agreements. This is, so to speak, a state-to-state vers