Arbitration and mediation are developing fields in the Cayman Islands. Although the court process is efficient, there are many reasons why disputes might be resolved better through some form of dispute resolution process that avoids the commencement or continuation of litigation.
It is increasingly common for commercial agreements to contain an arbitration or mediation clause selecting the Cayman Islands as the venue for the dispute resolution process. The Arbitration Law is the basic code for arbitrations in the Cayman Islands and The Foreign Arbitral Awards Enforcement Law gives effect to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 1958.
"They are very client-focused and come up with workable solutions."
The advantages of arbitration and mediation include being quicker and more cost effective than litigation, confidential, they can be agreed to be binding on the parties and disputes which are not suitable for or cannot easily be determined by litigation can be resolved and a resolution can be achieved which may not be one that a court could impose on the parties.
We have experience of arbitration and mediation both as counsel for participants in the process and members of the firm are also qualified and accredited arbitrators and mediators. Partner Alistair Walters is an accredited mediation and senior attorney, Kirsten Houghton is both a qualified arbitrator and an accredited mediator. Both are founding members of the Cayman Islands Association of Mediators and Arbitrators.