KLOTINI SERGIS managing partner, an arbitrator at the Court of Arbitration of the Latvian Chamber of Commerce and Industry and a board member of European Law Firm Ivo Klotins in an interview to the daily Diena explains why the commercial mediation can be more beneficial to businesses than a time-consuming and costly litigation.

“(..) Unlike many other countries, in Latvia businesses, faced with a dispute, are still willing to pay the state fee and litigate, although the litigation is a time-consuming and an expensive process. Choosing the mediation, one does not have to pay the state fee and, moreover, it is possible to achieve a much faster resolution of the dispute (..),” Ivo Klotins indicates.

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