Risk Management in Dispute Resolution

Risk is a notion that finds itself a place in every field and it points to uncertainty. In alternative dispute resolution, risk management is the way to decide on: the dispute resolution method to use, what kind of steps will be used in the resolution process, and what is the best way to achieve the desired outcome that the client wants to have.

The most used method in risk management is “impact analysis” which allows us to analyze the possible impacts in case the risky factors come true. Although risk management is crucial in any dispute, it is most common in commercial disputes. The main objective of risk management is to avoid the possible future outcomes that are negative.

While applying risk management techniques to concrete disputes, statistical and mathematical data are applied and probabilistic evaluation of each resolution method and probability is made. Thanks to risk management, the results of the methods to be used can be predicted and before deciding on the path to be followed, the client gets the chance to see the possible results so she/he can indicate the material, personal or legal benefits that she/he wants to protect the most, and this will enable the best method to be chosen.

The Solution provides training and consultancy services regarding risk management in dispute resolution.