Why You Need GMXC
If you or your clients do business across borders, you need to reduce risk by having a cost-effective dispute solution.
Did you know that mediated settlements are not enforceable around the world? Assure enforcement of your mediated agreement using the New Jersey statutory solution.
GMXC was created specifically to administer and resolve cross-border commercial disputes under the New Jersey International Arbitration, Conciliation and Mediation Act. GMXC follows the mandates of the Act to provide a hybrid dispute resolution process where, if mediation is successful, it will result in an enforceable Consent Arbitration Award under an international United Nations Treaty known as the New York Convention (more formally, the Convention on the Recognition and Enforcement of Foreign Arbitral Awards). This Treaty has been signed by 172 countries.
To start this process, the parties submit a pending dispute at any stage and in any forum for arbitration by GMXC, or they file a new arbitration with GMXC. GMXC then appoints an Arbitrator who is also an International Mediation Institute (IMI) certified (or pending) Mediator. The parties proceed to mediation either in person or by videoconference. If they resolve the dispute in mediation, the Arbitration/Mediation/Arbitration process results in a Consent Arbitration Award enforceable around the world.
The GMXC Neutral Panel is comprised of highly qualified Arbitrators/Mediators who are both trained arbitrators and IMI-certified mediators. Most disputes can be disposed of under GMXC’s flat fee schedule which includes two days of dispute resolution services including; an initial preliminary arbitration hearing, preparation in advance to review submitted documents, a mediation session, time for the Neutral to assist parties and their counsel in drafting a settlement agreement, and time to draft the Arbitral Consent Award.
There is a solution available now and by videoconference. Your solution need not be delayed.
Practice Areas
- Commercial
- Closely Held Business
- Consumer
- Labor & Employment
- Real Estate
- Environmental
- Government
- Property & Casualty
- Cross-border
- Cryptocurrency, Smart Contracts and AI
- Construction and Infrastructure
Commercial
Commercial
Generating sensible solutions for business
Closely Held Business
Closely Held Business
Addressing the special needs of family businesses and closely held companies
Consumer
Consumer
Resolving business-consumer disputes
Labor & Employment
Labor & Employment
Resolving disputes between employees, employers, unions and management
Real Estate
Real Estate
Mediating real estate industry disputes
Environmental
Environmental
Finding solutions to cooperatively maintain a healthy environment by resolving environmental conflicts
Government
Government
Conflict resolution of public sector and investor-state issues
Property & Casualty
Property & Casualty
Innovation and expedited relief for today's claims process
Cross-border
Cross-border
Many business transactions happen in multiple countries with different legal systems and structures
Cryptocurrency, Smart Contracts and AI
Cryptocurrency, Smart Contracts and AI
Commerce and finance have gone online with web3 assets, including cryptocurrencies, NFTs, smart contracts and DeFi. AI is becoming more prevalent.
Construction and Infrastructure
Construction and Infrastructure
Resolving complex design and construction project disputes in the private and public sectors
What is Mediation and Arbitration?
Mediation is a method of problem-solving and conflict resolution with the assistance of a mediator, who serves as a neutral, to facilitate constructive discussions and solutions. Arbitration is a process in which the arbitrator acts as a private judge issuing a binding decision. GMXC utilizes mediation to help the parties resolve their dispute then uses the arbitration process to convert the settlement to an arbitration award that is enforceable in most countries under the New York Convention. Our neutrals are knowledgeable, experienced, and highly skilled at navigating conflicts to resolution. If you are results-oriented, our neutrals can facilitate an enforceable solution.
Resources
Learn More about Mixed-Mode Resolution of Cross-Border Disputes