O C T O B E R 2 0 1 7
Alternative Ways of Resolution for Commercial
and Business Disputes
Capital & Vision 2016
Undoubtedly, through Arbitration, Mediation and also Negotiations lower cost for the parties is achieved and of course time and strength is saved, thanks to simplified procedures in conjunction with faster issuing of decisions.
The clarification of legal terms and the clear reference to points of procedure which require particular attention followed the presentation of a comparing research with reference to countries that adopted the models of alternative ways for dispute resolving, such as Great Britain, U.S.A., Germany, France and Italy proving the multiple financial and social benefits. Finally, the new out of court compromise mechanism for the settlement of private and business debts was analyzed together with potentials that are created from its adoption.
Note: It is pointed out that the above outline of provisions is suggestive and summarizing and aims at providing a quick update in relation to the legal framework. Any subjection of your company to the above provisions and the conditions of this subjection constitute the object of a more complete analysis for which the provision of specialized legal advice is required.
D I S C L A I M E R