Two leading dispute resolution organisations have created an online service to help resolve business disputes in the wake of the coronavirus pandemic. The Chartered Institute of Arbitrators (CIArb) and the Centre for Effective Dispute Resolution (CEDR) have launched the facility to help businesses cope with what is feared to be an explosion in litigation arising from the global pandemic.
The Pandemic Business Dispute Resolution Service is an online resource designed to offer a service for disputes over sums between £5,000 and £250,000. It provides facilitated negotiation, arbitration and fixed cost mediation. Parties can choose whether to use the service with or without a lawyer.
The launch follows concerns expressed by senior judges that the court system could be overwhelmed by a deluge of post-COVID-19 litigation. The British Institute of International and Comparative Law has established the ‘breathing space’ project which aims to encourage parties to negotiate rather than focus on their contractual rights.
James South, Managing Director of CEDR, said: “Our collaboration with CIArb means that businesses can be reassured that whatever level their dispute they can always gain access to dispute resolution processes of the highest quality, which has always been at the core of our work.”
James Burgoyne, Director – Claims & Technical, of Brunel Professions has welcomed the news which he says could help professional firms to recover from the damage to their businesses caused by the pandemic. “It makes far more sense for firms to agree a solution to disputes which have been caused by events outside their control. Preserving relationships is preferable to going through the costly and uncertain process of litigation.”
The Pandemic Business Dispute Resolution Service can be accessed online on the CIArb and CEDR websites. PR Newswire has published the news release about the launch and details of the ‘breathing space’ project have been published by the British Institute of International and Comparative Law.
Brunel provides professional indemnity insurance broking services to professional firms. Visit our website to find out more or call Jonathan Filer on +44 (0)117 325 0752.