PSUs embrace mediation

Public sector undertakings (PSUs) are beginning to insert mediation clauses in their contracts, in a shift away from their usual reliance on arbitration, as they look for quicker, less expensive, and more amicable ways to resolve their commercial disputes, two people aware of the development said.

- Manas Pimpalkhare [e-mail]

Mediation is now used proactively, especially in long-pending disputes that can be settled amicably, say lawyers.

(ISTOCKPHOTO)