Mediation and arbitration are alternative dispute resolution methods; but are structurally different.
Comparison
| Feature | Mediation | Arbitration |
|---|---|---|
| Decision maker | None (parties) | Arbitrator (panel) |
| Binding | Just agreement if any | The decision is always binding |
| Duration | Fast (weeks) | Months-years |
| Cost | Low | High |
| Flexibility | High | Medium |
| Execution | Quality of notice (conditional) | Enforceable |
Which is Preferred?
- Mediation: Situations where the parties want a solution without damaging the relations (family, business, commercial)
- Arbitration: International contracts, investment disputes, complex commercial cases
Common Arbitration in Türkiye Centers
- Istanbul Arbitration Center (İTOTAM)
- Istanbul Independent Arbitration Center (ITUS)
- TOBB Arbitration Commission
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