From the ADR Times:
Mediation is a proven dispute resolution tool for disputes involving vast sums of money, multiple and diverse stakeholders and complex, legal, commercial and personal issues.
The value of mediation, in addition to its time and cost efficiency, is its flexibility and adaptability. It can be used as a standalone process or can form part of a stepped dispute resolution procedure, proceeding bilateral negotiations and preceding arbitration and litigation. Also, when faced with large, multi-party, complex cases, a mediator can also act as a facilitator of early-negotiations between parties allowing for the exchange and management of documents, narrowing and understanding of issues and constructive engagement before progressing to mediation.
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