Event: Mediation and Arbitration are two alternate dispute resolution processes

TEN’s June 13 event is a special presentation for TEN by two distinguished guest speakers, focusing on what entrepreneurs need to know about Mediation and Arbitration.

1. Mediation to Resolve Disputes
Presented by: Mr. Chan Bing Woon, SBS JP. Chairperson of the Joint Mediation Helpline Office (JMHO), Hong Kong

and

2. Arbitration to Resolve Disputes
Presented by: Mr. Dennis Cai. Assistant Secretary-General, Hong Kong International Arbitration Centre
Every entrepreneur or business owner will sooner or later face a serious dispute situation in his or her business. By being informed and properly prepared, an entrepreneur can make smart decisions and avoid many of the serious and expensive consequences of allowing a dispute to spin out of control.  Mediation and Arbitration are two common ways of resolving disputes between two or more parties without judicial proceedings.

It is no secret that the traditional way of filing a lawsuit and then proceeding through the judicial system can be enormously expensive and take years until settlement.  In addition, even the eventual “winner” of a lawsuit may suffer emotionally, financially and in other ways over a long period of time.

Mediation and Arbitration are two alternate dispute resolution processes that are typically much faster and less costly for both sides, but are generally not widely understood by entrepreneurs.  The Hong Kong government is wisely promoting alternatives to court filings for SME’s, partly as a way to “unclog” an overburdened court system.

In this 2-part presentation, each of our guest speakers will give a presentation of his specialty.  Our speakers will explain the processes, how and when they may be efficiently used, provide examples, and suggest contract clauses. For example, by inserting a simple clause in supplier, customer or distributor agreements stipulating Arbitration in case of a dispute (thereby avoiding litigation) the wise entrepreneur can avoid possible major “headaches”, business interruptions, and high costs.

A combined Q&A session will follow immediately after the second speaker’s presentation.

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