Nationality of Parties: American and British
Facts: This dispute arose from the Respondent's retainer by the Claimant, a US banking firm, in connection with an agreement entered into by the parties. The essence of the claim made against international professional advisers was that they had provided negligent advice in their opinion letter and in general advice concerning the transaction.
Amount in Dispute: Between US $8 million and $16 million
Route to Mediation: The parties were oblige to attempt mediation by order of the Court.
Time Between Decision to Mediate and Final Outcome: One month
Mediators' Pre-mediation Work: 15 hours of preparation
Length of Mediation: One day
Cost per party (includes preparation): US $8,000
Conclusion/Post-mediation Work: The parties settled their dispute through the mediation process. The settlement agreement was one which was acceptable to both parties and which, importantly, preserved the existing relationship between the parties by avoiding a lengthy legal battle.
Comments from those involved:
One of the parties stated, `I am quite sure that without your mediation the parties would have found it far more difficult to reach a satisfactory settlement and would probably have got to – and possibly through – the court door ... I am a real convert to the advantages of mediation in complex cases and am spreading the word.'
26 Apr 2013
May set to be busy month for CEDR
Mediator Skills Training - Fast Track – 5 June 2013
Certificate in Advanced Negotiation - Module 1/3 – 25 July 2013
Mediator Skills Training - International – 19 August 2013
Certificate in Advanced Negotiation - Module 1/3 – 12 September 2013