Statistics show that in more than 80% of business mediation cases parties manage to resolve their disputes themselves.
Mediation and arbitration might be considered complementary procedures. If parties cannot obtain an agreement on settlement of their dispute by mediation, they can proceed to arbitration. Arbitration proceedings will result in an arbitral award, which is legally binding.
To ensure neutrality and impartiality the mediation procedure and arbitration proceedings are concluded under separate supervision.