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EBRD and UK support commercial mediation in Moldova
Sunday, 13th February 2017
"Korea IT Times-- The Legal Transition team at the European Bank for Reconstruction and Development (EBRD), with support from the UK government’s Good Governance Fund, has launched a technical cooperation project in Moldova to promote the use of commercial mediation in the resolution of commercial disputes among the business community.
Alternative dispute resolution methods such as mediation present many benefits to businesses and are fundamental to well-governed economies. Mediation, a process whereby a neutral third party assists disputing parties in resolving conflicts through negotiation, improves access to justice by making the process cheaper and faster than relying exclusively on courts. It ultimately helps to improve the business environment and consequently increase investor confidence.
Moldova adopted a new law on mediation in 2015 which is currently being implemented. The EBRD’s Legal Transition team has been supporting the Moldovan Ministry of Justice’s work on this priority reform since 2013 by extending technical assistance funded by the government of Luxembourg to, among other things, pilot court-annexed mediation and implement training programmes for mediators.
This new project, which builds on the success of previous experience, will assist the government of Moldova in deepening the implementation of commercial mediation. It will help develop the necessary secondary legislation to strengthen the legal framework for alternative dispute resolution and at the same time it will promote mediation on a national scale."
Contact: Lucia Sconosciuto