Topic: CHALLENGES AND OPPORTUNITIES IN ARBITRATION AND MEDIATION
Speaker: Mr GAURAV MEHTA (Advocate, Inlaw Corporation in a Law Firm, headed by Sir.
They offer service predominantly in corporate Law, Litigation, Non-litigation real estate due diligence work and cyber law(crime) are the few areas of Inlaw Inc. Moreover they are also into trademark registration work.
Alternative dispute resolution is the process of settling down the dispute between the parties outside the court. Arbitration is one of the modes of alternative dispute resolution to resolve civil disputes outside the court. Arbitration is normally used for commercial disputes, especially in the context of international commercial transactions. The person who arbitrates is known as arbitrator. Like arbitration, mediation is also one of the modes of alternative dispute resolution to resolve civil disputes outside the court. Usually, under the mediation process a neutral and impartial third party who is an expert of law and another experienced person called as mediator resolve the dispute between two parties. Types of dispute that can be mediated are commercial, contract, diplomatic, workplace, community, property, and family and matrimonial matters.
Disputes resolved by Arbitration and Mediation have the value of the decision passed by court of law and arbitration award mediator settlement if accepted and duly signed by both the parties it is a valid decision.
Based on Nature: arbitration is a formal process and it follows almost same proceeding as in litigation but outside the court whereas, mediation is a informal process
Based on Elements: arbitration needs steps in evidence. Mediation does not require any kind of evidence.
Arbitration is more expensive where mediation is a less expensive process.
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Date:14th August, 2021
Time: 05:00 pm (IST)
Website: https://www.lawtsapp.com/
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