What is Mediation
Mediation is an alternative means to resolve disputes . The judiciary has always encouraged both parties in litigation to use mediation to resolve disputes, such as debt recovery, construction disputes, disputes between shareholders, family disputes, etc. Experience from around the world shows that the rate of mediation reaching settlement is very high, with an average success rate of 70%.
Mediation is conducted by accredited mediators, with a neutral and fair approach, to help both parties understand their dispute, discuss the interests and needs of both parties, seek a mutually acceptable solution, and assist in drafting a settlement agreement after mediation. The agreement has Legal binding.
The mediation process is voluntary participation by both parties, and the process is also strictly confidential.
What are the benefits of mediation?
- Reduce stress
- Save time and money
- Protect reputation
- Flexible arrangements
- The parties can reach their agreement amicably
- Maintain ongoing relationship
