Managing and Resolving Commercial Disputes 2024 — Financier Worldwide

A commercial dispute is generally an undesirable scenario for any company, whatever its composition. But for those companies unable to absorb the time and cost implications of resolving disputes, the implications can multiply and prove damaging or even destructive. Commercial disputes are, however, an unavoidable facet of the business world. They occur in all sectors and industries between companies and individuals, or a mixture of both, and arise as part of a designated contract or transaction.

By taking proactive measures and following strategic legal guidance, disputing parties can manage and minimise the more undesirable impact of their disagreements. These measures include a range of alternative dispute resolution mechanisms – including mediation, arbitration and neutral evaluation – that can be deployed to resolve a dispute as quickly and amicably as possible, thus avoiding a potentially lengthy and expensive litigation process.

— from the Introduction