... of mediation known as a Formalised Settlement Conference. This is sometimes called a 'mini trial', in which a panel consisting of an executive decision maker from either side of the case, and a small neutral party which will look at the position of each side and try to make a settlement. Mediation is commonly used in commercial cases, with a Centre for dispute resolution set up in 1991 in which businesses pay a normal fee of £1000 for a mediator, as oppose to a potential £100,000 for litigation, however there are downsides, there are still several cases, around 20%, which are taken to courts because the parties will simply not reach a settlement Conciliation In conciliation, as in mediation, a neutral third party attempts to help settle the dispute, however as oppose to mediation the conciliator takes a much more active role, making more decisions and making a lot more suggestions ...

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