MEDIATION

Mediation is an alternative dispute resolution procedure with the participation of independent person - mediator for purposes of assistance in development of partner business relationships, formation of business practice ethics, achievement of mutually acceptable agreement in terms of free-will consent of the parties.

VERTEST LLC is an organization engaged in ensuring the conduct of the mediation procedure, as part of the implementation of the requirements of the Federal Law of July 27th, 2010 N 193-FZ “On the Alternative Dispute Resolution Procedure with the Participation of Mediator (mediation procedure)” and other actions provided for by this Federal Law.

The service provided is of independent character, based on the principles of objectivity and impartiality in compliance of privacy of obtained information. These principles form the basis of documented policy and company internal procedures, also it's a part of mediation agreement - the document made in written form and contained information about parties, subject of dispute, mediation procedure, mediator and liabilities agreed upon by the parties, conditions and its time period of execution.

If any circumstances appear which could effect on allocated principles VERTEST is required to notify both parties-participants instantly.

Mediation agreement reached by the parties in consequence of meditation procedure performed after submission of a dispute for approval to the court or referees court could be confirmed by the court or referees court as an amicable agreement in accordance with procedural legislation or legislation on referee’s court, legislation on international commercial arbitration. (Art.3, para.12 of Federal Law No. 193). Mediation agreement resulted of civil matters dispute, reached by the parties in consequence of meditation procedure, the dispute which was not submitted to the court or referees court represents the civil transaction directed to establishment, variation or termination of parties rights and obligations. To this transaction could be applied regulations of civil legislation about termination fee, novation, debt release, set-off and indemnity. Defense of rights violated in result of nonperformance or improper performance of this mediation agreement is conducted by the way of civil legislation. (Art.4, para. 12 of Federal Law No. 193).