2L - Dispute resolution Flashcards

1
Q

Dispute resolution process

A

is a series of steps that disputing parties follow in order to resolve a disagreement and reach a resolution.

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2
Q

Mediation

A

involves an impartial third party facilitating discussions between disputing parties to help each side of the conflict reach a resolution themselves.

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3
Q

Advantages of mediation:

Disadvantages of mediation:

A
  • promotes positive working relationships the two parties ultimately make the decision together
  • less formal, time-consuming and expensive than arbitration
  • there is no guarantees that the dispute resolution will finally be solved
  • as there is no legally binding decision, the end decision could be dismissed in the future
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4
Q

Arbitration

A

involves an independent third party hearing arguments from both disputing parties and making a legally binding decision to resolve the conflict.

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5
Q

Advantages of arbitration:

Disadvantages of arbitration:

A
  • there is a guarantee that the dispute will be solved
  • the final legally binding decision must be adhered to
  • the method can destroy positive working relationships due to win/lose nature of the decision, and the fact that the decision is now out of both parties’ hands
  • more formal, time-consuming and expensive than mediation
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