Given the increasing interest in multi-tiered dispute resolution (MDR) processes, CRCICA hosted a roundtable discussion that involved eminent arbitration practitioners in Egypt to explore the option of institutionalizing Arb-Med-Arb in CRCICA. “Arb-Med-Arb” is a process where a dispute is referred to arbitration before mediation is attempted. If the parties are able to settle their dispute through mediation, their mediated settlement may be recorded as a consent award. If the parties are unable to settle their dispute through mediation, they may continue with the arbitration proceedings.
Discussions were based on the case study of the Signapore International Mediation Centre (SIMC) which recently initiated Arb-Med-Arb.
The feedback from the attendees was very positive, in view of the benefits that the combination of this process can offer.