Efficient Disputes resolution : Boards, Mediation, and Arbitration
At FLAG Resources, we prioritize collaboration and stability in your projects. In the event of disputes, our expert team implements effective resolution strategies that preserve relationships and keep your projects on track.
At FLAG Resources, our primary goal is to foster a stable business environment for your projects, promoting collaboration among all stakeholders involved in the natural resources sector.
However, we understand that challenges may arise, particularly in such a sensitive field.
Our extensive experience in natural resources projects highlights the importance of establishing effective mechanisms to address operational risks as they emerge.
This proactive approach not only helps to prevent disputes but also ensures that, should conflicts occur, they can be resolved swiftly and effectively, allowing your project to remain on track.
At FLAG Resources, we prioritize negotiation as the first step in resolving disputes. Our team can serve as a mediator to facilitate constructive dialogue between parties.
We advocate for the establishment of a committee comprising decision-makers from both sides, tasked with proposing timely operational solutions. If challenges arise in forming this committee or reaching an agreement, we can escalate the matter to a Dispute Adjudication Board (the next stage in our cooperative dispute resolution process).
Dispute Boards offer significant advantages over traditional dispute resolution methods. Comprised of professionals from diverse backgrounds—such as engineers, financiers, and lawyers—these boards ensure neutrality and provide ongoing monitoring. Their structure minimizes the risk of disputes and facilitates adherence to the resolutions they propose.
This efficient approach to dispute resolution helps maintain business continuity, crucial for all parties involved in natural resources projects, where financial, economic, and social stakes are high. By preserving jobs and ensuring uninterrupted economic activity, our process supports continuous social initiatives.
Decisions made by the Dispute Board are immediately enforceable, allowing for swift implementation of solutions. Moreover, such decisions are typically accepted and voluntarily enforced by all parties, minimizing the likelihood of contentious arbitration proceedings.
The director at FLAG Resources possess the integrity, skills, and extensive experience required to serve effectively as members of a Dispute Board.
At FLAG Resources, our approach emphasizes a progressive range of dispute resolution methods, allowing for efficient and straightforward resolution of conflicts compared to traditional approaches, particularly arbitration, which we consider a last resort.
While we strive for amicable settlements through negotiation, mediation, or Dispute Boards, we recognize that some disputes may still require arbitration.
Our directors bring valuable experience in arbitration and maintain partnerships with leading international law firms specializing in natural resources arbitration. They can collaborate with these firms to prepare arbitration filings and offer expert guidance throughout each step of the arbitration process.
Additionally, our directors are qualified to serve as arbitrators in disputes within the natural resources sector.