The Turnaround Management Association had a panel discussion and networking event this morning in Portland. Peter Cary from MittelAsen , Tim Norton from Kelly Remmel & Zimmerman and
Matt Caras from Leaders, LLC explained how Alternative Dispute Resolution is used in a business and workout environment and how efficient mediation can be if it is well prepared and if involved parties want to resolve the situation.
Our team at OpusCG deals with similar situations on a regular basis and I was glad to hear that flexibility and creativity are major components of the outcome. When facing two parties that need to resolve their dispute, being a vendor looking at being paid, a bank trying to get principal and interests or business partners arguing, we had to take into consideration not only the business and legal aspects but also the psychological part of the situation and help our clients to find a solution that would not involve months of litigation and expensive legal bills. The confidence in the mediator, your lawyer or your consultant and its ability to evaluate the situation is also a key part of the result.
Great event again. Contact me regarding future TMA event or question regarding Opus services.