A GOOD FAITH IN SETTLEMENT OF BUSINESS DISPUTES THROUGH MEDIATION
PhD Program, Faculty Of Law of HASANUDDIN UNIVERSITY
Litigation or arbitration are not still be the best options for dispute settlement. Settlement through court needs more time, cost, and has a bad influence towards the relationship between the parties for a long term condition. On the other hand, through an arbitration also requires a highly cost. In contrast with meditaion, it can be reducing the cost and time in dispute settlement, and also maintaining the relationship between all parties. A good faith of disputing parties is the importance of mediation. The aim of this study are identifying the criterias of a good faith in mediation and sanctions of violators. This is a normative legal research, use a secondary data and qualitative analysis to answer the question.
Keywords: good faith, mediation, settlement dispute, bussiness dispute
Topic: Investment and Settlement Disputes