advantages and disadvantages of using ADR

Question 1

what are 5 advantages of using ADR

Answer 1

cost

speed

privacy

expertise

flexibility

Question 2

Cost

Answer 2

cases are dealt with more cheaply as parties are encouraged to represent themselves and that also means they can be dealt with quicker too —> disputes are dealt with little strain on parties

Question 3

Speed

Answer 3

disputes are solved much quicker than courts—> courts take days even weeks —> mediation takes just a day + negotiation and conciliation taking shorter time = less stressful

Question 4

Privacy

Answer 4

bad publicity can be avoided —> maters are dealt with in private which helps preserve relationships in the future —> businesses are more likely to to deal with each other again if the dispute is in private

Question 5

Expertise

Question 6

Flexibility

Question 7

what are 5 disadvantages of ADR

Answer 7

Cost can be significant

Not compulsory

Party may want a day court

Unproductive procedures

Lack of formality

Question 8

Cost can be significant

Question 9

Not compulsory

Question 10

Party may want a day court

Question 11

Unproductive procedures

Question 12

Lack of formality