Nonetheless, conciliation should always be the first stop on the dispute resolution trail. It should never, however, be a stand alone dispute resolution method and should always be backed up by an alternative method of dispute resolution in the event that the conciliation process does not successfully resolve a dispute. Furthermore, U.S. exporters and foreign importers should recognize that the recommendations of the conciliation committee are not in any way binding on the disputants. Similar to conciliation, however, the mediator. Unlike mediation, however, the arbitrator.
Arbitrators typically prefer unreasoned opinions, but disputants generally prefer reasoned opinions.
Reasoned opinions, in fact, offer the disputants one of their only opportunities to review the arbitrator. Judicial vacation of arbitrator. This finality principal is based on the premise that judicial review of arbitral awards undermines the purpose of arbitration and reduces it to a phase in the litigation process, as opposed to an alternative to the litigation process. This is because arbitration decisions are binding on the disputants and because many countries, including the U.S., have entered into one or more multilateral or bilateral agreements to enforce each others. The method in which arbitration awards are enforced varies country by country, in that some countries require judicial acceptance of an arbitral award, whereas others do not.