Mediation is a procedure in which a mediator, who is an independent third party, meets with the parties in order to bring them to a consensual resolution of the dispute through a voluntary settlement, but without having the power to adjudicate it.
In mediation the parties control the process, can terminate it at any time and tun to arbitration or court.
At the end of the mediation if successful, the parties sign a mediation agreement, which they can submit to the court for the purpose of certify the agreement and render it the force of a judgment.
Dispute resolution through mediation is recommended and helps the parties to avoid high costs and protracted court proceedings.
