Dataset

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2. World Bank Indicators
3. Enforcing contracts: Alternative dispute resolution (0-3) (DB16-20 methodology)

Enforcing contracts: Alternative dispute resolution (0-3) (DB16-20 methodology)

The alternative dispute resolution evaluates two aspects: (i) whether domestic commercial arbitration is regulated by law, all disputes can be submitted to arbitration and valid arbitration clauses are usually enforced by courts; and (ii) whether voluntary mediation and/or conciliation are a recognized way of resolving commercial disputes, they are regulated by law and there are financial incentives for parties to attempt mediation of conciliation. The index is computed based on the methodology in the DB17-20 studies.