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Mediation is globally acknowledged as a powerful tool for resolving commercial disputes without resorting to arbitration or court proceedings. Essentially, it involves settlement negotiations facilitated by a neutral third party—the mediator. Key decisions for counsel and their clients when moving forward with mediation include determining the optimal timing for the mediation and selecting the right mediator.
Mediation processes are flexible, with no one-size-fits-all rules, making it a highly effective approach for resolving commercial disputes if all parties are open to negotiation. At Bay Street Chambers, our seasoned mediators thoroughly review each case before mediation begins, familiarizing themselves with the involved parties and their interests. This preparation allows us to tailor a mediation process specifically designed for the dispute in question. Our goal is to foster a trusting environment that encourages productive discussions and innovative solutions, either fully or partially resolving disputes.
Regardless of the specific mediation strategy employed, our trusted mediators are dedicated to creating a constructive atmosphere conducive to problem-solving. This approach facilitates discussions that can lead to the complete or partial resolution of disputes.
Our team at Bay Street Chambers is committed to conducting every mediation with fairness and respect, ensuring all parties feel valued and respected throughout the process.
As a leading group of senior barristers practicing exclusively as arbitrators and mediators, our members specialize in international and domestic commercial disputes in all areas of commercial law.
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