Given on the 23 rd day of August 2001.
It is generally accepted that mediation is a dispute settlement mechanism that concurrently benefits both parties in dispute and the proceedings of the Court of Justice. Mediation brings a bout not only early settlement with less financial costs but al so satisfactory resolution of disputes that preserves good relationship between the parties. In addition, the numbers of disputes filed with the Court have constantly increased which results in the incessant increase of court backlogs. Mediation, hence, becomes a crucial alternative that the Court of Justice employs for the purpose of settling disputes filed with the Court. However, to ensure efficiency and suitability, standardized criteria and procedures are required. In order for all related parties to have clear understanding and standardized criteria, there should be a criteria and procedure for mediation by judges and mediators. It is, therefore, essential to issue these regulations.
Read whole Law below
