THE CONCEPT AND LEGAL CHARACTERISTICS OF THE INSTITUTE OF MEDIATION

Abstract

Mediation is one of the alternative dispute resolution methods. In recent years, mediation as an institute has developed very rapidly. Resolving disputes through alternative methods can be much faster, more efficient and the end result is satisfactory to both parties. Disputes as such have existed since the beginning of humanity. Therefore, in today's world, this type of alternative dispute resolution needs to be developed in order to deal more successfully and effectively with the relations of modern society. Nowadays, there is an increasing development of society and technology, as a result of which mediation as a legal institution will develop more and more rapidly. In Latvia, mediation is regulated by the Mediation Law. The regulation of Latvian legislation must be developed so that mediation as an institute can also develop.