The Applied Research Division of the Institute for Dispute Resolution [at the NJCU School of Business] diligently pushed for and contributed to a New Jersey legislative bill to accommodate international business disputes. The bill encourages a framework that would promote international mediation in New Jersey. On February those efforts paid off as the governor of New Jersey signed into law bill ‘S602” as the New Jersey International Arbitration, Mediation, and Conciliation Act.
Karen DeSoto, the co-founder and co-director of the Institute for Dispute Resolution, recently stated that bill S602 had strong bipartisan support, from both Senators Sandra Cunningham and Tom Kean Jr. As per DeSoto, the law intends to position New Jersey as a hub for business meditations from around the world, which will really help in increasing global trade for the state.
She was pleased with the efforts of the IDR and said, “There was previously no mechanisms in place for businesses to settle disputes in New Jersey outside of full legal actions. This will greatly enhance the use of mediation as a dispute resolution tool. And New Jersey is now one of only ten states that have passed such legislation. I’m very proud that the Institute was able to contribute to this legislation in a positive way.”
The Institute for Dispute Resolution (IDR) has also seen success in mentoring its students who have faired well in international mediation competitions. In 2015 the students won an award at the Vienna competition. Karen DeSoto has recently been interviewed about the IDR by Brie Austin. .