Arbitration / Mediation
Arbitration and mediation are alternative methods of dispute resolution compared to court proceedings.
Arbitration refers to the extrajudicial resolution of a legal dispute in well-regulated proceedings by way of conciliation, i.e. by proposing a compromise or binding judgment.
Mediation is a voluntary, extrajudicial conflict resolution process in which two or more conflicting parties, with the help of an impartial third party, try to find a mutually agreeable settlement of their deadlock.