Live Webinar on Mediation as the Ideal ADR Mechanism for Fintech
There are many possibilities for disputes to arise in the context of fintech businesses. Some examples are those between co-founders, inventors, shareholders, investors, directors & management, software developers, financial institutions, advisors, suppliers, customers, users and creditors, and over a multitude of subjects. Fintech entities also have special needs, namely because often they are start-ups operating on a shoestring and have little to spend on legal costs. They are also usually lean in terms of staffing, with no excess human resources to dedicate to long-drawn-out litigation. They also typically do not want disputes to be aired out publicly, as occurs with litigation, in order to prevent negatively influencing staff, investors, users, and others in their ecosystem. Their focus is on keeping up with cutting edge technology, rather than expending time and energy on long protracted litigation. As will be seen in this Webinar, mediation is therefore the ideal dispute resolution mechanism for fintech.
Mediation is a voluntary process where a third party neutral person, the mediator, acts as a facilitator and guides the parties’ discussions to arrive at an amicable resolution. Most mediations are resolved in a very efficient fashion, saving parties time, energy, and costs. In addition, mediations are confidential and the results are enforceable.
In this Webinar, the speakers will discuss the basics of mediation and how it is particularly helpful in resolving disputes in fintech. They will also elaborate on how fintech businesses may choose mediation at the World Intellectual Property Organization (WIPO) Arbitration and Mediation Center, which is tailored to the specific needs of the fintech transaction, industry, or technology concerned.