Commercial Mediation in the Americas
Article from: TDM 2 (2016), in Latin America
Mediation is an alternative dispute resolution (ADR) process through which a neutral assists parties in dispute to reach a settlement. Although the mediator has no authority to impose solutions upon the parties, he or she facilitates discussions and negotiations to resolve the dispute. Compared to arbitration, mediation offers a flexible, cost-effective and confidential procedure while still affording a comparatively simple and effective enforcement. For these reasons, leading international ADR services institutions have recently updated their mediation rules and made a renewed ...