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.
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.
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
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.
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