Pandemic Business Dispute Resolution Service created amid coronavirus (COVID-19)

Pandemic Business Dispute Resolution Service created amid coronavirus (COVID-19)

The Chartered Institute of Arbitrators (ClArb) has announced that itself and the Centre for Effective Dispute Resolution (CEDR) have come together to create the Pandemic Business Dispute Resolution Service, which is CIArb’s Business Arbitration Scheme. The service, which offers facilitated negotiation, low-cost arbitration and mediation, was established for disputes that have arisen due to business being interrupted by the ongoing coronavirus (COVID-19) pandemic. To be eligible for the service, the amount in dispute must be over £5,000 and under £250,000. Although the service is designed for two-party disputes, additional parties can be added in consultation with CIArb and CEDR. Those using the service can either select individual options or proceed through a stepped process until their disputes are resolved. All services are fixed cost and are completely online.

See: Introducing CIArb’s Business Arbitration Scheme for more information.

Source: Small businesses now able to access easy, low-cost alternatives to Court in the wake of the global pandemic

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