APPLYING ONLINE DISPUTE RESOLUTION MECHANISMS IN RESOLVING ECONOMIC DISPUTES

Samandar Abdikhakimov

Corporate and business law teacher at the Institute of International School of Finance Technology and Science

Keywords: online mediation, online arbitration, alternative dispute resolution


Abstract

This article analyzes the online mechanisms of alternative dispute resolution methods for various economic disputes between entrepreneurs, specifically the use of online mediation and arbitration. It examines the origins and systems of these approaches, as well as their distinctive features. The emergence of online mediation and its differences from traditional mediation are discussed, along with the characteristics of online arbitration. The article also provides a systematic analysis of the specific advantages and disadvantages of online mediation and arbitration institutions.


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