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'Mediation Prior To Arbitration' Saves Time

"Arbitration does not replace mediation, but provides an alternate dispute resolution (ADR) instead of litigation when mediation fails. Mediation is a good first step to help two parties reach a consensus. However, since mediation is not binding, the eventual winner may still face judicial proceedings involving huge legal fees once mediation fails."

Web-link: http://www.chinadaily.com.cn/hkedition/2010-03/25/content_9638108.htm
Language: English