if one party is unwilling to compromise or understand the other one’s position, mediation may not be effective. Remember, the debtor has to be able to do so, and the company is free to explore other options if it is unsatisfied with the mediation’s outcome.
Arbitration
The parties can move to arbitration if mediation talks do not list of belgium whatsapp phone numbers amount to anything. In this process, an arbiter acts as the judge to resolve the pay dispute. They listen to both parties and examine the evidence they present and the circumstances of the pay dispute. For example, they might consider that the debtor may have gone bankrupt or had poor cash flow at the time while making their decisions. Once they have everything they need, they provide a binding solution that both parties must adhere to.
The construction company and the debtor can discuss different aspects of this process, including deciding whether they will allow lawyers to be involved and the types of evidence that will be accepted. They can also decide on an arbiter whom they both agree will be neutral and can discuss the terms of the process. By doing so, both parties have some control over the outcome of the dispute.
Remember that because the arbiter’s decision is binding, the parties give up their right to appeal if they are unhappy with the outcome. While the decision can favor any of the parties, the arbitration process typically favors the aggrieved party, especially if the debtor has lawyers who are unable to argue their position as effectively.