A : → The following are the four main ways to settle trade disputes in Hong Kong: 1. Negotiation - the most common form of dispute resolution; 2. Conciliation and Mediation - involve a third party to assist disputing parties to settle their difference. The mediator is not given any power to impose a settlement but to encourage the parties to reach an amicable settlement. It is proven an outstanding successful management tool for resolving difficult disputes and should always be considered when negotiations fail before proceeding to arbitration or litigation; 3. Arbitration - this agreement is often made before the dispute arises and is included as a clause in their commercial contract. Arbitration is a legal process and the arbitrator(s) will issue an award that has a status very like a court judgment and is enforceable through the courts of most of the world's trading nations; 4. Litigation - parties commence their proceedings in courts. Litigation is preferable to arbitration for collectio
Q : → Can you suggest some ways to resolve trade disputes in Hong Kong?
