If you're involved in a trade dispute, your remedies are
few. Lawsuits are expensive, and in recent years, arbitration has
become almost as costly. That's why mediation is fast becoming
the method of choice to resolve international business
disputes.
To help businesses settle trade tiffs, the Greater Dallas
Chamber of Commerce and the Dallas Bar Association got together to
form the first-ever International Mediation Center, which opened
earlier this year.
"Mediation is becoming extremely popular throughout this
country," says Sid Stahl, a mediator in private practice and a
member of the center's board of directors. It helps that NAFTA
encourages mediation of business and commercial disputes.
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Entrepreneurial disagreements often go unresolved, Stahl says,
because agreeing on a settlement is so difficult, particularly when
the parties are from different countries. To make things easier,
the International Mediation Center handles all the arrangements for
a face-to-face meeting, which Stahl believes is the best way to
resolve a dispute. The meeting can be held either at the Dallas
site or at a location convenient to both parties.
Stahl says small-business owners who use the center's
services have the most to gain-more than owners of medium-sized or
large companies. "Small businesses will reap a larger
benefit," he explains, "because they need to get disputes
resolved sooner and can least afford the expense of
litigation."
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