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CENTRE FOR MEDIATION AND CONCILIATION (CMC)

 Bombay Chamber of Commerce and Industry has set up the Centre for Mediation and Conciliation (CMC) with a vision to help create a harmonious business environment with enduring business relationships by encouraging resolution of disputes through aided dialogue and concluding them swiftly, economically, confidentially and amicably.

Bombay Chamber witnessed a growing dissatisfaction among the business houses of India about the time and cost required in the resolution of commercial disputes and enforcement of the outcome. To meet this corporate requirement, Centre for Mediation and Conciliation (CMC) has been launched to promote mediation as a dispute resolution mechanism of first resort before resorting to adversarial methods of dispute resolution. The Chamber wishes to promote a sustainable yet quick, confidential, cost efficient and solution oriented dispute resolution for commercial disputes where the power to decide the final outcome remains in the hands of the corporate disputant.

From the Indian perspective, issues relating to enforcement of contracts and arbitration awards and huge case backlog in Indian courts, provide a wide scope for time and cost effective resolution of disputes through mediation. In keeping with its credo of “Corporate as a Citizen”, Bombay Chamber continuously explores opportunities to work for universal causes. Today, it is important for us as a nation to improve ‘Ease of Doing Business’ in our country and the mediation initiative of the Chamber is a step in this direction.

Bombay Chamber aims for CMC to be the most reputed platform for mediation of commercial disputes in India, through unimpeachable neutrality, best in class governance standards and competent mediators, establishing effective dialogue and solution focused discussions.

For more information about the services provided by the Centre for Mediation and Conciliation (CMC)
 
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