“This article has been produced by an independent contributor and does not reflect the views and opinions of the Immediation team or the brand as a whole.”
If you’re embroiled in an investor state dispute, it’s important to consider mediation as a viable way to resolve the dispute without causing unnecessary expensive, delays and other potential issues down the line.
Other processes, such as the arbitration process, are extremely expensive and cost prohibitive in many different states and can cause a big financial drain on the people involved.
While arbitration used to be the go-to for investors in regard to settling a variety of disputes, Mediation is becoming more and more popular. This is especially true as there are options for online mediation that are becoming more common.
This allows parties from across state boarders to take part in the mediation process without prohibitive costs and expensive, lengthy trips. This is an easier way to navigate the series of issues that have become prevalent with investor state disputes.
An additional benefit of mediation is the fact that you have access to a neutral third party, where you are able to get a fair and non-bias resolution to your problems and issues.
Additionally, mediation is completely confidential, meaning that discussions can be open and free without worrying about legal repercussions.
The controlled process of a mediation allows both parties plenty of time (and fair opportunities), to discuss the situation, and resolve the dispute in a way that is beneficial to everyone.
Mediation is especially beneficial if it complements other processes that are found in the dispute resolution system (like ensuring needs and goals are met as best as possible). Additionally, it is a good choice if the business relationship needs to be preserved in the long-term, and the goal is to reach a working and understanding outcome.
When you are working on deciding which method is best suited for your current dispute, consider that mediation is not only the less expensive option, but also the option that is best suited to nurturing enduring relationships within the business.
This is especially true when referring to state investor disputes, where there might be higher stakes and a higher cost involved. Consider mediation as a starting point. You can always peruse additional methods if mediation proves unsuccessful in the resolution process for your dispute.
The team of legal and technical experts at Immediation are here to help guide you through the mediation process and reach the best possible outcome. You can do it 100% online or opt to use a managed service where the Immediation personnel do everything for you, from start to finish.
Mediation is a good first-step in the dispute resolution process. It’s Immediation’s goal to help you sustain your business relationships, while resolving the matter quickly and professionally.
Want to know more, or enquire about your business dispute? Simply fill out the form on the contact page and they’ll be in touch.