THE NATIONWIDE ACADEMY FOR DISPUTE RESOLUTION (UK)  
   
   
Home   About us   About ADR   NADR Services   Publications
 
   
  Forms   Members   Forums   Links   NMA
 
     
       
   
• What is ADR ?
  » It's significance
  » Modern developments
  » ADR vs. Litigation
  » Time and cost savings
• How to get ADR
• Arbitration
• Adjudication
• Mediation
• ADR globally
• Sources of ADR services
• ADR and lawyers

Login
Username

Password



View a printer friendly version of this page.
 

Time & Cost Savings

Adjudication and mediation processes take only about a month to conclude from start to finish. Arbitration processes tended to take between 6 months to a year to conduct but the advent of fast track arbitrations has cut this time scale radically in recent times. By contrast it is not unusual for it to take up to a year for a major case to be heard by the courts. It is attractive for commerce to settle disputes quickly and put an end to uncertainty about future financial commitments. This enables businessmen to settle their affairs and get on with business without having to ring fence funds to meet potential liabilities. Payments into court and guarantees for security of costs can also have adverse effects on cash flow.

The interest that may accrue over a two-year period between the commission of a wrong and the court decision can far exceed the cost of ADR processes. The losing party is likely to be ordered to repay this interest to the winning party. If interest is taken into account it may in reality cost nothing at all to settle a dispute using an ADR process since the interest that accrues over a short period is relatively little.


 
     
ADR vs. Litigation How to get ADR
Top of page
 
       
      THE NATIONWIDE ACADEMY FOR DISPUTE RESOLUTION (UK)
     

 
    Copyright © NADR 2000, all rights reserved.