In 2020, with the commencement of covid-19 pandemic halts the world. The times were uncertain and we were supposed to reimagine a lot many things like the way we work, the way we used to socialize, and the way we travel.
Thus, there was a need to reimagine managing our disputes as well- be it from the bedroom to the boardroom table.
If we talk about the commercial settings, there are so many arrangements that have been disturbed with no fault of any of the parties – from joint ventures to travel.
Thus, there is a kind of tsunami of cases that have piled up in the courts and are difficult to get resolve in a short period. In many cases, it is becoming very difficult to approach the court in a timely and affordable manner.
Arbitration is the only way left out with most people to get things resolved in time. Though there are many challenges faced by the arbitration as well like the suspension of hearings. Thus, the International Arbitration centre has emerged to resolve disputes more effectively and fast.
International Mediation centre provides clients the process agility and innate responsiveness to accept the change. Though it's very clear that there is a strong regulatory framework that allows parties’ feet to move forward on the thin wire which leads to the proper solution.
We can say that mediation provides privilege within the framework. With the help of this freedom, the commercial parties get the opportunity to move ahead of the entrenched adversarial positions and reach innovative outcomes.
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