Mediation
Mediator is a real person carrying out mediation process, who is registered with the mediation registry held by the Ministry of Justice following successfully completion of the relevant mediation education and exams. In order to become a mediator it is a must to have a degree in law and at least 5 years’ of occupational experience.
Mediation is a quick method for dispute resolution.It is quite faster than the process conducted by judicial bodies.
The fees and expenses are less in comparison with litigation or arbitration.
The resolution is in the hands of the parties. The parties are able to settle in a resolution which is the best for their interest, whereas in judicial proceeding the decision is vague and always to the detriment of one party.
Mediation process is conducted in confidentiality, while judicial proceedings are subject to publicity in principle.