The mediation procedure is very efficient in the international economic disputes. These include any trade transactions for supply of goods or services or exchange of goods or services; distribution agreements; commercial representation or agency; factoring; leasing; construction of industrial facilities; advisory services; engineering; licensing; investment; financing; banking services; insurance; exploitation or concession agreement; joint ventures and other forms of industrial or business cooperation; carriage of goods or passengers by air, sea, rail or road. Involvement of an interpreter/translator is often needed as a part of international mediation.
Upon making a cross-border transaction between the parties with different jurisdictions in complex and often contradictory legal systems, it may be difficult to decrease the risks of default and reduce the costs. Without disputing the right of the parties to the traditional methods of judicial protection, particularly for small and medium-sized enterprises (or rather - enterprises focused on innovation in various spheres of economics and social sphere), appealing to the alternative methods of dispute resolution is often the most appropriate one. The advantages consist in significant savings in costs associated with the dispute resolution. Compare: litigation in the international arbitration begins with the deposit, and then a fee depending on the amount of the claim is to be paid. Because of the problems associated with obtaining international visas and notifying the parties to the dispute, the hearing may be delayed for long months. All this is expensive and unacceptably slow does not give a chance to the parties on a "win-win" outcome of the dispute.