Mediation is Non-Binding

It is important to note the difference between international arbitration and international mediation is that, while an international arbitral tribunal will issue a binding award, which may be converted into a judgment in one or more various national jurisdictions for the purposes of execution; mediation (whether informal or formal) is of a non-binding nature, meaning the agreement of parties is required to reach a settlement (Global or Partial).  Failure of the parties to reach any agreement, does not directly affect the claims or defenses of the parties, whether arbitration is ongoing at the time of mediation.