We are all mingled up with so many things that someday or the other, troubles may come up and we look for an ideal alternate. Different countries follow their own different way outs so that complications can be finished up soon and you can lead smooth and serene life. When it comes into the country like Hong Kong, there also some or the other preventive steps definitely follows that has changed lives of many. Before getting deep into the things, here are some most crucial points discussed in detail which resolves all sorts of complexities further.
First know what arbitration is?
HKIAC mediation is a resolution procedure where a neutral person acts like a mediator and try their level best that parties reach at the negotiation settlement agreement. This does not mean that mediator will force for settlement. The only task of a mediator is to sort out any impasse and encourage the parties to reach at the best possible level of the settlement.
When it is commercial dispute, then impasse rise from lack of trust in the integrity of the other party or based on good faith of opinion on different facts which lies in the dispute or on the conclusion of the case which is about to go to the court. The mediator works like a communicator and try to filter the things that comes out of emotional level. The mediator will encourage the parties to move to some agreement by opposing the heavy cost imposed on them. The mediator is a tool for sorting out disputes. When it is a family dispute, they play a crucial role and find out crucial way out when it comes to child custody as well as other matters
- Create positive as well as supportive environ.
- Control the party when the outcome of the dispute is announced.
- Work at the best communicative partner between both the parties.
- Time effective and cost-efficient source.
- Follows confidential process.
- Guide parties to follow the effective way out of sorting out disputes via the right decision-making facility.
Know the general responsibilities
This person plays a significant role when dealing with the Parties with no personal interest in settlement of the agreement. Also, no bias is followed for the parties and made available after the request from both the parties. Also, parties are well informed by the mediator. The mediator also unveils the parties about affiliation and other related things prior making any written consent of the two parties prior mediation begins. There is nothing went wrong until and unless the mediator is available to help. There is also a suggestion for joining CPD course for success in the profession.