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A new China-backed global mediation body set to launch this week in Hong Kong will provide a swifter and more cost-effective route to resolving international disputes, a top legal expert said, as countries seek alternatives to lengthy and expensive litigation.
The International Organization for Mediation (IOMed) which will be formally established with the signing of its founding convention on Friday, aims to address growing frustrations with traditional arbitration and court proceedings, said Dr James Ding a senior Hong Kong justice official and international law expert.
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