Mediation constitutes an alternative method of an extra-judicial settlement, in which the parties involved are trying to reach a mutually agreeable, satisfactory, and sustainable dispute resolution with the aid of a third party that has the relevant expertise, being independent and impartial with regards to the parties involved. The resolution is expressed in a written agreement, equivalent to a Court decision, provided it has been previously submitted to a competent Court of First Instance.
The main advantages of mediation are the following: the rapid dispute resolution and the saving of time, as it is completed in a short period, its lower cost compared to traditional litigation the confidential character of the process,provided it is conducted under the framework of discretion and trust. Consequently, none of the parties involved are allowed to make public any of the information arising from the process of mediation.
FAMILY MEDIATION
In family law, the subject of mediation can include all personal and property relationships arising from the termination of cohabitation, such as child custody and communication with minor children, the determination of their alimony, the use of the family home, and the claim to participation in acquisitions.
COMMERCIAL MEDDIATION
Mediation can be applied in commercial disputes to reach a quick and effective solution in the interest of the parties involved, with the ultimate goal of protecting their brand reputation. Mediation is ideal for the substantive resolution of disputes between companies, merchants and businesses within the scope of their activity but also for issues related to clients, partners, suppliers, unfair competition and consumer disputes.
CIVIL MEDIATION
In this category, a multitude of private disputes are included, like lease and inheritance disputes, medical liability disputes between doctors /hospitals and patients, disputes with insurance companies, infringement of trademarks and copyright.
CADASTRAL MEDIATION
This involves the process of correcting pre-registered and inaccurate cadastral records, erroneous geometric data, and resolving issues of cadastral and property law, such as adverse possession, partition, and exclusive use agreements. In cadastral disputes, the minutes of the Mandatory Initial Session are kept and signed by a specialized Mediator and in the occasion that the parties reach an agreement, the Mediator draws the Minutes of the Mediation Agreement summary which is then registered in the relevant cadastral sheet so as to amend the previously registered inaccurate record.
BANKING / FINANCIAL MEDIATION
In disputes among banking institutions, between Debt and Credit Management companies or borrowers, the aim of mediation is to reach a satisfactory out-of-court debt settlement so as the debtor to meet the new terms of the agreement and save his assets and for the banking institutions to avoid incurring losses. In cases where the out-of-court debt settlement process is concluded as unsuccessful and the drafting of a bilateral debt restructuring agreement is deemed necessary, regarding debts to financial institutions, the debtor may, within ten calendar days from the conclusion of the process, submit a request for mediation.
