The world is experiencing economic slowdown and market trades are at all time low. An important step businesses should take in giving effect to their business sustainability plans is to ensure that there is a stable means of settling all the disputes that have arisen or likely to arise as a result of the pandemic. They cannot afford to spend too much time and money on resolving disputes.
Therefore, as the saying goes, necessity they say, is the mother of invention. COVID-19 ADR Initiative (CADRI), is a dispute resolution platform created to cushion the losses caused by the pandemic through timely, cost effective and efficient settlement of all COVID-19 related commercial and contractual disputes by ADR.
These are disputes that:
1. arose as a result of COVID-19 and measures put in place to combat it,
2. are locked up in courts that cannot progress as a result of COVID-19,
3. cannot be taken to court because most courts cannot function because of the measures that must necessarily be adopted to avoid the adverse effects of COVID-19.
A core CADRI principle is that Alternative Dispute Resolution (ADR) is the best option for resolving commercial and contractual transactions disputes.
The CADRI ADR mechanisms are negotiation, mediation, arbitration and adjudication. All conducted by ADR experts ready to help in the fight against COVID-19.