Mediation

Mediation is a dispute settlement mechanism, where upon the parties’ agreement a third neutral (mediator) assists the parties in finding out a mutually acceptable solution to the dispute.

How to Refer a Dispute to Mediation

1. Before a dispute has arisen, the parties may agree to refer the dispute to mediation by concluding an agreement to mediate.
2. Arbitration Rules of the RAC allow the parties to refer the dispute to mediation after the commencement of arbitration by concluding an agreement to refer the dispute to mediation before the final award is rendered.

Upon the parties’ request, the mediation agreement concluded as a result of mediation may be approved by an arbitral tribunal as an arbitral award on agreed terms.