BOSNIA & HERZEGOVINA Trends and Developments Contributed by: Igor Petković and Branko Marić, Marić & Co.
ity and relationship-preserving advantages of media - tion, it offers commercial parties an additional avenue for resolving disputes efficiently. Unlike more traditional hybrid procedures such as Med-Arb or Arb-Med, where mediation often serves as an accessory to arbitration, Arb-Med-Arb establishes a more integrated and balanced relationship between the two mechanisms. Although the final outcome may be either a mediated settlement or an arbitral award, its defining characteristic is the structured integration of the two processes into a single dispute resolution framework.
Whether Bosnia and Herzegovina ultimately adopts such mechanisms will depend on the direction of future legislative reform. Nevertheless, if the coun - try seeks to modernise its arbitration framework and position itself as a more attractive venue for interna - tional dispute resolution, innovative mechanisms such as Arb-Med-Arb deserve serious consideration. In a legal environment moulded by constant commercial and technological change, arbitration law should not merely follow international developments; it should be prepared to anticipate them.
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