EBA Mediation and Arbitration Center website: eba-mac.com
In 2018 European Business Association in partnership with law firm J&T Consulting and Tbilisi Arbitration Institute established EBA Mediation and Arbitration Center – EBA MAC. Aim of the center is to offer clients alternate dispute resolutions services – Mediation and Arbitration according to European standards.
Mediation and Arbitration Center unites highly qualified professionals, who have long and successful experience of operating in Georgian legal market, including:
Doctor of Law, founding and managing partner of legal company “J&T Consulting”, certified mediator, member of Georgian Bar Association.
Levan is Chairman of Tbilisi Arbitration Institute, member of the Georgian Bar association, certified mediator, Levan is an Academic Director of National Center for Alternative Dispute Resolution sinceю
Doctor of Law, national partner of international law firm “Dechert”, Master of Harvard Law School.
Doctor of Law, managing partner of legal company “FLS – Full legal Service”. Lasha is a deputy chairman of the Tbilisi Arbitration Institute. Member of the Georgian Bar Association.
Doctor of Law, head of legal department in “EY Georgia”. Member of the Georgian Bar Association, cofounder of National Center for Commercial Law.
Mediation is a process oriented to dispute resolution, which is guided by neutral third party – Mediator, who has no authorization to make any kind of decision regarding the dispute. Mediator supports negotiation process between parties. Parties in mediation are provided with privileges such as confidentiality and voluntary decision making. The decision in mediation is made only by the parties in accordance of their free will.
Except the advantages mentioned above, mediation compared to traditional formal processes, is more effective, cheap and fast. Mediation is informal process and therefore there is not imperative rulings regarding the price or duration of the process. Parties negotiate and decide those details with mediator contractually.
Arbitration is non judicial dispute resolution private process, in which, third neutral person – Arbitrator makes the award which is binding for parties.
Arbitration process can be tailored to suit best interests of the parties. Arbitrators can be chosen for their expertise by parties. This guarantees that arbitrator is capable to make fair and complete award. In addition to that, arbitration has other advantages. Arbitration is confidential process, also arbitration is faster and cheaper than the court and the service of qualified arbitrators and arbitration center guarantees enforceability of the award.
Other than services mentioned above, Mediation and Arbitration Center offers its clients Med-Arb service. Med-Arb unites Mediation and Arbitration in one complete process, which gives parties the opportunity to try to settle the dispute with Mediation at first and if the dispute is settled through negotiations than Arbitration is competent to make binding and final award on dispute.