Disputes are part of life. If you do business, you are bound to face some difficulties that require a third party’s involvement at some point. Our advice is – avoid going to court at all costs. Traditional litigation is not always the best route for resolving disputes.
The most popular and beneficial alternative way of dispute resolution is mediation. It involves a mediator, who helps both sides come to an agreement. Unlike a judge, the mediator does not reach a decision. Rather, the mediator uses joint and private sessions to facilitate communication between the parties and assist them to reach an acceptable agreement. In our experience, it usually avoids a lot of stress, saves money and considerable amount of times (often years).
There are many advantages of using mediation:
It is quick: while a case in a court may take months or years to resolve, mediation achieves a resolution in a matter of hours or days.
It is cost-effective: while a mediator charges a fee, the mediation process takes much less time than moving a case through litigation. Taking less time means spending less money on fees and costs.
It is future focused and helps parties to put disputes behind them and avoid the personal and commercial effects of being engaged in expensive and lengthy disputes.
It is confidential: while court hearings are public, mediation is strictly confidential. Only the parties to the dispute and the mediator know what happened. If parties are unable to reach agreement and go to court, details about what went on at the mediation will not be disclosed or used at a court hearing.
It is flexible: it can be used at any stage of a dispute.
Svetlova LLP’s Partner Thomas Salamon is an accredited mediator (and a solicitor of the Higher Courts of England and Wales) and is available for appointment as mediator in all types of dispute. Please call us for a confidential consultation.