Janeet Jawanda
Dispute Resolution
Alternative Dispute Resolution in Commercial Property
Many commercial property disputes are settled outside of the court process, ADR can often be more cost effective, flexible, and often a quicker way for parties to settle their disputes.
There are a number of options available when it comes to Alternative Dispute Resolution (ADR) in commercial property disputes, the main options are;
- Mediation: at mediation a mediator will be appointed as a neutral third party to assist with the negotiations between the parties. The process is voluntary but aims to find a mutually acceptable resolution between the respective parties. It will usually be much quicker than going to court.
- Arbitration: an independent arbitrator is appointed who will make a binding decision on the dispute from a review of each party’s case. It is a more formal process than mediation but is private and will give the parties a binding enforceable decision.
- Negotiation: negotiations between the parties is the simplest form of ADR and will usually be the first from of ADR most parties partake in. It will allow parties to get an idea of the other position and therefore assess where compromise can be made.
Holly Minney, Head of Dispute Resolution at Mullis & Peake, said:
“ADR offers an alternative method for parties to settle disputes outside of the court process. ADR generally offers a cheaper and more efficient process than the use of the courts. Our team are experienced in all forms of ADR and will be able to guide you through the process. Contact our Romford office today on 01708 784000.”