Alternative Dispute Resolution

Alternative Dispute Resolution

Introduction

The alternative dispute resolution (ADR) is the medium which is used for solving the different issues without leading it towards the court. The main reason is that the process of alternative dispute resolution is cheap, time saving and less stressful. There are two types of ADR schemes operated in United Kingdom: the statutory Financial Ombudsman Service (FOS) and various robust self-regulatory mechanisms including the FLA's Lending Code. The main purpose of this paper is to link the issues of insolvency and corporate and financial crimes in the alternative dispute resolution.

Insolvency

There can be two main terms to ...