4.1.5 Strengths and Weaknesses of Dispute Resolution Methods Flashcards
Mediation and Conciliation Strength 1:
Cheaper
Cheaper:
Mediation is normally conducted before court proceedings have commenced, therefore parties will have spent less money than if the matter went to trial.
Mediation and Conciliation Strength 2:
Third Party
Third Party:
A mediator has alot more flexibility than a judge or magistrate. The third party is able to talk to the parties freely about the case, often putting the parties at ease.
Mediation and Conciliation Weakness 1:
Intimidation
Intimidation:
One party may be intimidated with the process and be forced into an outcome that he or she may not be happy with.
Mediation and Conciliation Weakness 2:
Not suitable for some matters.
Not suitable for some matters:
Mediation is not suitable for some matters. This is particularly so for long running disputes and for disputes where there is significant animosity between the parties.
Arbitration Strength 1:
Legally Binding
Legally Binding:
The arbitrator has the power to make an order that is legally binding on the parties. Decisions reached by the arbitrator are final and enforceable through the courts.
Arbitration Strength 2:
More informal and faster
More informal and faster:
Arbitration is usually faster and more informal than judicial determination as there are no strict rules of evidence and procedure.
Arbitration Weakness 1:
Win/Lose scenario
Win/Lose scenario:
An arbitrated decision is a decision in favour of one party. In this scenario one party wins and the other party loses. One party will feel less satisfied with the outcome of arbitration.
Arbitration Weakness 2:
Appeals are limited