Promote alternative dispute resolution in business

Roundtable discussion held on the advantages of mediation in resolving commercial disputes

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Photo: Center for Alternative Dispute Resolution
Photo: Center for Alternative Dispute Resolution
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

It is necessary to promote alternative dispute resolution in the economy as much as possible, so that it becomes the standard, said the executive director of the Center for Alternative Dispute Resolution, Maja Golović Vojinović.

She said that, considering that it is a completely flexible and efficient way of resolving disputes, we offer many benefits.

"Modern legal systems are well aware of this method of resolving disputes in the economy, which is a standard. There is a slight growth trend in our country, but it is still not at a satisfactory level in resolving commercial disputes. Such gatherings aim to promote and affirm an alternative method of resolving disputes, which truly provides numerous benefits to the economy," said Golović Vojinović at a roundtable on the topic of the Advantages of Resolving Commercial Disputes through Mediation, which was held at the premises of the Science and Technology Park in Podgorica.

The round table was organized by the Center for Alternative Dispute Resolution, in cooperation with the Union of Employers (UPCG).

dispute resolution
photo: Center for Alternative Dispute Resolution

The MEF said that in a time when business is moving very quickly and the market does not forgive slowness, inefficiency and delays, the need to find new, modern and efficient ways to resolve disputes between business entities is becoming increasingly evident.

Secretary General of the MEF, Suzana Radulović, said that the fact is that the judicial system is burdened with numerous challenges, such as the lack of judges and the backlog of cases.

"It is therefore clear that the perception of the economy, that access to justice is very slow and limited, is completely justified," said Radulović.

According to her, in this sense, mediation in commercial disputes and arbitration are very important approaches, which should be an integral part of a modern, efficient system of legal protection.

"We believe that mediation in commercial disputes has not taken root enough, that it is not sufficiently recognized, and that there are still reservations in terms of insufficient trust in new protection mechanisms. The message from this gathering is certainly that there is a need for as many commercial disputes to be resolved before the Center for Alternative Dispute Resolution as possible, because they offer a faster, more professional way of resolving disputes, as well as significantly lower costs compared to court proceedings," said Radulović.

She stated that it is important to note that in this way, commercial disputes are resolved while maintaining a fair relationship between the parties to the dispute in the interests of both parties, but also preserving the trust that has been built over the years.

Through an exchange of opinions and practical analysis, the panelists pointed out the key advantages of mediation in resolving commercial disputes - from relieving the burden on the courts and saving time and costs, to faster decision-making, without years of court processes and appeals, to preserving the reputation of companies, which leads to the preservation of stable and partnership relationships between business entities.

The gathering was attended by representatives of the judiciary, the legal profession, the academic community, as well as numerous members of the business community - members of the MEF.

The roundtable represents the first in a series of joint events envisaged by the recently signed Agreement on Cooperation between the Center for Alternative Dispute Resolution and the MEF, aimed at strengthening the culture of dialogue and promoting mediation among business entities.

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