From legal perspective, people used to go to Judicial Courts whenever there is a dispute. This approach has been and is going-on till now and for long future to come. Judicial Courts are the available option for litigation, to seek justice and to see justice done. However, by time and due to many uncountable reasons people started to look into other alternative options for the settlement of most disputes. Among the alternative dispute resolutions (ADRs), we find arbitration, mediation, adjudication, conciliation..., etc. However, the most famous and advanced alternatives are arbitration and mediation.
Generally speaking, arbitration and mediation are two processes that happen regularly in the legal world and they are both considered as alternative forms of dispute resolutions. The debate scenario of “arbitration vs. mediation” is one that goes on since some time, as people wonder and question themselves as to what is the best alternative way to work out or look into a dispute that may emerge at any time.
However, it would be very important to mention that, there are many conceptual and procedural differences between arbitration and mediation. Arbitration versus mediation is mostly about formalities of the proceedings, the purpose of the events, and the enforceability of decisions made therein.
With reference to mediation, the attorneys \ mediators typically sit down with two sides and try to hammer out a deal before it has to reach the Court level. The proceedings are generally quite informal, as these attorneys \ mediators patiently try to make it as comfortable as possible. Regarding arbitration, on the other hand, it is more formal and can be like a court proceeding in many cases. The arbitration professional listens to both sides and then makes a ruling or final award on what he (or the panel) feels is the most fair decision to achieve justice. Arbitration, in one hand, is essentially another form of trial with two sides presenting. Whereas mediation, on the other hand, is a form of resolution