Answer To The Question No 1
Answer To The Question No 1
Answer To The Question No 1
The processes for challenging the mediation agreement given below description:
3. All parties must agree to a resolution as the result is not guaranteed. That is the
main challenges of mediation agreement.
4. Another challenges is any party can be withholding or hide information, then the
mediation agreement is difficult or challenges for resolving.
The most operative private ADR organization in Bangladesh is BIAC. BIAC full
form is Bangladesh international Arbitration Center. It is the 1st international
arbitration institution in Bangladesh and it is also nonprofit organization. It
commenced operations in April 2011 under a license from the Government.
Mediation is now the most commonly used ADR method in the whole world, it
allows the parties to retain control, and disputes settlement and the resolution
process. Given below description the advantage and disadvantage of mediation:
Advantage of mediation:
- The appointed mediator will be independent; they will not advise or provide any
judgments.
- The mediator is guiding the discussions between the parties and resolving the
dispute.
Disadvantage of mediation:
- During the mediation process any party can withdraw from proceeding at any
time.
- If the dispute cannot be resolved in mediation then the cost of mediation will
have been wasted.