18 Mar 2011
CEDR Solve launches Mediation 125 scheme for cost sensitive cases
CEDR Solve, the mediation service provider, has announced the launch of a new low-cost, quality-controlled mediation service, specifically developed for disputes involving two parties, where the value of the sums claimed do not exceed £125,000 or €125,000.
The creation of the new service follows a year of both UK Government and the Judiciary calling for greater use of mediation to reduce to the cost of conflict in disputes and is being introduced shortly before the EU Mediation Directive comes into force by Summer 2011 across Member States. These moves toward mediation commonly cite smaller claims in litigation, where there can be a greater need for mediation than in larger claims, as costs may spiral disproportionately, while the disputants becomes embittered and disillusioned as seemingly simple claims become harder to resolve with legal costs also at stake.
There are two rates of charging for Mediation 125, for claims of up to £75,000 or €75,000, the cost is £1,500 or €1,500 respectively and for claims above this, up to £125,000 or €125,000, the cost is £3,000 or €3,000. The mediation bookings cover a 10-hour period, which includes three hours for preparation and a seven-hour mediation day.
The Mediation 125 service is a new addition to CEDR Solve's regular mediation services, where the average value of disputes is £1 million and its mediators are regularly asked to mediate some of the most significant disputes internationally every year.
CEDR Solve's position as the leading independent commercial mediation provider in Europe guarantees the impartiality for its mediations which is central to overseeing negotiations that may be both tough and sensitive. Being over 20 years old, and part of the Centre for Effective Dispute Resolution, the organisation has a long track record of quality assured mediation services with a success rate approaching 80 per cent.
Speaking on this development, Gregory Hunt, Director of CEDR Solve said "This new service, long-overdue to the commercial mediation market, will address the need for more simple, quicker, and less expensive ways of resolving disputes out of court. Mediation 125 by its nature will produce a faster, more cost effective result for all parties, than litigating, which can take months and even years."
Notes to Editors:
CEDR Solve, the UK’s leading commercial mediation provider, is CEDR’s dispute resolution and prevention service and has managed over 16,000 dispute enquiries covering every industry sector and a wide-raging cross section of disputes and case values. Case studies are available on CEDR’s website – www.cedrsolve.com.
CEDR (the Centre for Effective Dispute Resolution) is the leader in the development of neutral-assisted dispute resolution. It is a non-profit organisation and its mission is to encourage and develop cost effective dispute prevention and dispute resolution in commercial and public sector disputes and in civil litigation. CEDR operates in the UK and internationally and has been instrumental in helping to bring mediation into the heart of business practice and into the judicial system. CEDR Mediator Accreditation is recognised as an international standard.
For further information please contact:
Andy Rogers, +44(0)20 7536 6000, firstname.lastname@example.org