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 expertsappointed 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.
2. Advantages
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.
