MEDIATION - ARBITRATION (Med – Arb)In the Mediation – Arbitration Combo, parties participate in both mediation process at VMC and arbitral proceedings at VIAC in full and benefit from fee discount. |
Purpose: The Combo completely resolve disputes by arbitration in case mediation is unsuccessful. User: Parties who want to mediate and arbitrate in case mediation is unsuccessful. |
Mediation conducted before arbitration:Parties commence mediation and pay mediation cost in compliance with the VMC’s Rules of Mediation and Schedule of Mediation costs. In the event the mediation is unsuccessful, one party initiates arbitral proceedings at VIAC in accordance with VIAC’s Rules of Arbitration. VMC shall refund 15% of the mediation cost, the refund of arbitration cost (if any) shall be in accordance with the VIAC’s Schedule of arbitration costs.
| Mediation conducted after arbitration is initiated:Parties commence and participate in arbitral proceedings at VIAC. After the arbitral tribunal is constituted, parties agree to suspend arbitral proceedings to mediate. Parties commence mediation and pay mediation cost in compliance with the VMC’s Rules of Mediation and Schedule of Mediation costs. In the event the mediation is unsuccessful and parties resume arbitral proceedings, VMC shall refund 15% of the mediation cost. In the event the mediation is successful and arbitral proceeding is stayed, VIAC shall refund arbitration cost in accordance with the VIAC’s Schedule of arbitration costs.
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VMC shall refund 15% of the mediation cost after a party/parties initiate or continue arbitral proceedings at VIAC.
*According to the provision on refund in the VMC’s Schedule of Mediation costs, parties shall not be refunded if the mediation session has been organized, regardless of whether the mediation is successful. In contrast, this Combo helps save 15% of the mediation costs compared to sole mediation or arbitration.
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