The main advantages of med-arb are:
• All advantages of mediation (i.e. the "med" in med-arb) remain fully applicable;
• Ordinary mediation has a very significant disadvantage, i.e. if it fails (in other words, if it does not result in a mutually agreeable solution), the mediation attempt was a waste of time, money and energy. This important disadvantage of standard mediation can be eliminated by using med-arb;
• Med-arb guarantees that the conflict will be resolved at the end of the journey - either through an agreement as a result of mediation, or through an arbitration award if no agreement is reached (or if no agreement is reached on all aspects).
Click here for more information on hybrid mechanisms of alternative dispute resolution.
