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1. What is mediation?
- It is important to know:
- Mediation is an Out of Court alternative dispute resolution method;
- Goal – to reach an agreement beneficial for both parties;
- Mediation is regulated by law.
- The Procedure:
- It is led by a mediator – an independent impartial third party, trained and registered in the Official Registry of Mediators at the Ministry of Justice of the Republic of Bulgaria;
- The procedure is voluntary and each party has full control of the stages it goes through;
- Collective and individual meetings are held;
- Lawyers and experts appointed by the parties can take part in every stage of the procedure;
- Mediation can be conducted while the case is pending before the Court;
- During the procedure the limitation period does not run.
- Saves time – within a few hours it becomes clear what are the possible outcomes of the dispute;
- Saves money – a fee is being paid which is affordable by both parties and is a number of times lower than court fees;
- The procedure is strictly confidential in accordance with the Mediation Act.
3. Is your case suitable for mediation?
- Every commercial and civil dispute is appropriate for mediation; in many cases the procedure is even suitable for administrative disputes;
- If you have any doubts regarding the suitability of mediation for your case we will advice you accordingly.