While most arbitrations are handled by an institution with its own set of rules for resolving disputes, parties in some cases choose to decide their own rules.
With the variety of benefits that mediation affords to parties who engage in it, it has been adopted in many jurisdictions as a necessary precursor to litigation.
Despite being recognised as a valid form of dispute resolution since ancient Greek times, it was not until the 1990s that mediation came into play in the UK.
While effective as a cheaper and less combative alternative to litigation, mediation is not guaranteed to succeed; it depends on the skills of the mediator.
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