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MED-ARB
Med-Arb is a process that includes both mediation and arbitration features. The parties will firstly try to resolve their disputes through mediation. If that does not lead to a satisfactory resolution, then the process switches to a binding arbitration. |
ARB-MED
Arb-Med is essentially the same concept, except that the process starts with an arbitration proceeding, after which a non-binding arbitration award is issued. Then, the parties work with a mediator to attempt to resolve their conflict. |
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"Unless the parties otherwise agree, the arbitrator(s) and the mediator(s) will generally be different individuals".
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What are the benefits of Arb-Med and Med-Arb ?
Both Arb-Med and Med-Arb are flexible and efficient forms of alternative dispute resolution. They combine the advantages of confidentiality, neutrality and enforceability. A settlement agreement obtained through the Arb-Med and Med-Arb, process may be made a consent award. The consent award is generally accepted as an arbitral award, and, subject to any local legislation and/or requirements, is generally enforceable in approximately 150 countries under the New York Convention. Parties can achieve finality whether through the mediation process or arbitration process. Both arbitration and mediation proceedings are confidential. Our panels consist of Arb-Med or Med-Arb specialists, from all sectors. |
