New fronts for mediation as preferred form of dispute resolution amid Covid-19

Posted in News June 1, 2020

[Mediation in the News]

The Business Times today reported on the role of mediation during the Covid-19 pandemic. Key takeaways: Amid looming economic uncertainty, businesses that use efficient and economical means to resolve commercial feuds may be better-placed for the future. A moratorium that allows for the suspension of contractual obligations is useful but does not completely resolve problems. Moreover, it is better to #mediate instead of letting conflicts escalate.

The article also mentions the SIMC Covid-19 Protocol, which is designed to promote efficient, economical and effective settlements. The Protocol is focused on disputes with a cross-border element – parties can mediate online given the travel restrictions – and helps businesses protect their projects and partnerships.

Read the full story here: https://lnkd.in/g-YqVcq.