Attempts to resolve commercial disputes by mediation will double over the next year, as businesses seek a cheaper and faster alternative to litigation, according to a new survey.
The Irish Commercial Mediation Association (ICMA) issued a questionnaire to the managing partners of more than 3,500 law, accountancy and other professional firms to ascertain attitudes towards commercial mediation and compile statistics on mediations over the last three years.
Commercial mediation is a private process of assisted negotiation....
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