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What is Understanding Conciliation Procedures about?

1. Conciliation is a non-binding process where an impartial third party (conciliator) assists parties in reaching a mutually agreed settlement of their dispute without making a decision on the dispute. 2. The conciliator makes proposals to settle the dispute but does not decide the outcome. If the parties agree on a settlement, they sign a written settlement agreement that has the same legal status as an arbitral award. 3. The conciliator communicates with parties jointly or separately and keeps the inform

Author

chitra

Language

EN