Commercial mediation system, which entails out-of-court settlement of business / economic disputes, will be used in Serbia as of this year thanks to the cooperation between the Serbian Chamber of Commerce and the Judicial Academy, with the support from the European Centre for Dispute Resolution (ECDR) from Slovenia.
This kind of resolution of business-related disputes could save a lot of money to companies in Serbia.
The training of licensed mediators, as well as anyone wanting to find out more about out-of-court dispute resolution, will start in February 2017 at the Judicial Academy while business people will be given an opportunity to attend various workshops and conferences about this kind of dispute resolution.
The European Bank for Reconstruction and Development has hired the European Centre for Dispute Resolution from Slovenia to implement the commercial mediation project in Serbia. Director of the Judicial Academy, Nenad Vujic says that companies willing to settle their disputes in this way could do this pre- or post-trial, and thus have a speedy resolution of their disputes.
“Courts are the last instance in resolution of disputes that couldn’t be handled via commercial mediation”, Vujic adds.
He reminded that commercial disputes usually involve large monetary claims which is why it is so important to settle disputes as soon as possible. This kind of dispute resolution also facilitates faster economic development.
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