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Importance of Decision Makers Attendance at Banking Mediations
2 minutes
Posted Oct 30, 2023 at 8:00 am.
Intro
During a financial crisis, a bank aggressively demanded payment from an organisation in the Middle East
The head of the organisation sued the bank claiming misrepresentation
Mediation took place in London
Insisting that someone senior from the bank should be present
The bank sent a senior person
Discussing the ongoing issues
Making sure the right parties were present was the key to resolving the deadlock
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Show notes
CEDR Mediator Nick Pearson discusses a mediation he conducted between a bank and an organisation in the Middle East - and how it is key in such mediations to have senior individuals present.
Contents:
#cedr #mediation #finance #banking
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10th CEDR Mediation Audit - What you Need to Know
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Navigating Banking Workplace Mediations
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