Alternative Dispute Resolution ('ADR'), both
through private arbitration and private mediation, is increasing in
popularity in the Cayman Islands, having regard to the time, costs,
adverse costs risks, and uncertainties of litigation before the
Courts, whether that litigation is local or cross-border in
nature.
There are, however, still a large number of cases that come
before the Cayman Islands Courts (including cases that have gone to
substantial interlocutory hearings, and even to trial or to appeal)
in which the parties, or their lawyers, have failed to take
advantage of the available opportunities to explore all potential
settlement solutions, whether by negotiation, by private mediation
or by other appropriate methods of ADR.