Settlement Rates
Party settlement occurs at different phases of WIPO cases: 68 % of the mediations and 42 % of the arbitrations administered by the WIPO Center end with a settlement agreement (see graph 6). Under the WIPO Rules, the tribunal has the power to suggest that the parties explore settlement at such times as it deems appropriate. If the parties agree on a settlement before the award is made, the tribunal will terminate the arbitration and may record the settlement in the form of a consent award if this is jointly requested by the parties. The benefit of a consent award is its international enforceability under the New York Convention.2