
Commercial Mediation
What is Mediation? Mediation is a voluntary non-adversarial process whereby parties to a dispute come together in a confidential and without prejudice environment with a view to finding a settlement to their dispute.
Mediation is in the ascendancy. Why? Because the costs of proceeding to a full court trial are huge and, furthermore, the time and effort involved in taking matters to that extreme are considerable.
Mediation can be adopted in practically any form of dispute and statistically there is an 85% chance of settlement. It is also considerably more flexible that court proceedings and can produce results a court process cannot.
In relation to business matters, mediation is usually referred to as "commercial mediation" to avoid confusing it with other forms of mediation, e.g. Mediation in the workplace. Insolvency mediation, therefore, is merely a specialised area of commercial mediation.
When is the right time to mediate?
Simple - when the parties have a desire and are ready to settle the dispute.
Adrian Leopard & Company can help you with mediation, both as a mediator or acting for one party in a dispute. Why not read more about it and its advantages by visiting our commercial mediation site.