Vote Recommendation: For
Disputes arising from commercial agreements between firms are inherently different from disputes between individual persons, due to the former's greater emphasis on neutrality, discretion, flexibility, and finality of judgement as a result of these disputes often occurring between actors in similar bargaining positions engaging in mutually beneficial dealings. Arbitration is an attractive and efficient form of alternate resolution of these disputes, due to its ability to provide a greater level of neutrality, flexibility, and discretion than national court systems. "Commercial Arbitration Recognition" seeks to provide for the enforcement of arbitration agreements and arbitral awards as pertaining to international commercial agreements, with certain exceptions. Seeing as the resolution's scope is limited to these types of agreements, and arbitration in these situations is quite beneficial and by definition mutually agreed upon, we see little reason to oppose this proposal.
For these reasons, the Ministry of World Assembly Affairs recommends voting For the at-vote General Assembly proposal, "Commercial Arbitration Recognition".
Sponsored by the Ministry of World Assembly Affairs of The North Pacific.