Commercial Guidebook | Real Estate Investor Magazine Commercial Handbook | Page 23

LEGAL Mediation vs. Arbitration How to resolve disputes and avoid litigation... BY JACQUES JOUBERT A nyone involved in the building, construction and real estate environment knows how expensive conflict and disputes can be, especially if the conflict is driven by anger. A sub-contractor fails to meet a deadline and blames the main-contractor for causing the delay. The main-contractor reacts angrily and a cycle of accusations and counter-accusations follows, culminating in conflict that can be difficult to contain. In anger they turn to their legal representatives who advise them not to talk to each other, as this may compromise their legal positions. The effect of this is that parties rarely get the opportunity to resolve the conflict themselves, and leave it to their legal representatives to negotiate a settlement on their behalf. The problem with this is that their legal representatives are not trained to explore their clients’ underlying interests and concerns, but rather enquire as to whether their clients have winnable cases or not. “Parties rarely get the opportunity to resolve the conflict themselves.” Settlements, in the absence of exploring underlying interests and concerns, are however far from ideal. They tend to produce narrow, competitive win-lose outcomes that plant the seed for future conflict and harm the business relationship between the parties. Naturally, the outcome from a cost perspective is even worse if no settlement is reached and the matter goes to court for adjudication. But there is now a third and more effective way to resolve disputes in the building, construction and real estate industries; known as commercial mediation. www.reimag.co.za What is Commercial Mediation? Commercial mediation offers better outcomes for the following reasons: 1. It creates a safe environment for the parties to have a robust and honest dialogue with each other. 2. It offers a structured environment for settlement negotiations using joint and private sessions with the parties. 3. It explores the underlying interests, fears and concerns of the parties. Commercial mediation often finds ways to bridge the interests and concerns that keep the conflicted parties apart. 4. It is confidential; meaning that whatever is disclosed at the mediation may not be disclosed outside the mediation, and everything disclosed in a private session may not be disclosed to the other party without express permission. 5. It is without prejudice; meaning that any admission, concession or proposal made during mediation is inadmissible in a court or arbitration, should the mediation fail to produce a settlement. 6. It is non-binding until such time that everything is agreed, reduced to writing and signed by both parties. This means parties may freely generate and share settlement options without being held to anything, at least until they have signed a settlement agreement. 7. Settlement outcomes reached during mediation are more durable and final, because the parties view it as their outcome, as one that they both can live with. 8. Finally, mediation helps restore business relationships by resolving the underlying anger that may have existed between the parties. RESOURCES Oosthuizen & Co, Meyer de Waal Attorneys Commercial Handbook 2016 21