Modern means of communication and the liberalisation of international trade have transformed the world into a global marketplace. Businesses that participate in this market may opt to resolve their domestic or international commercial disputes by arbitration or mediation as opposed to litigation (or adjudication). There is a growing awareness among lawyers and business people that litigation is not the only, and frequently not the best, method of resolving commercial disputes. Hence, ADR methods, which traditionally encompass all alternatives to litigation, including negotiation and conciliation, are receiving increasing recognition.