USA: mediation in corporate insolvency is rising.
In the world of rescue and insolvency a mediator is not a stranger. In the USA mediation is frequently used in insolvency procedures, including Chapter 11 cases.1 In 2015, for complex multi-party restructurings it has been contended that in the USA ‘... the use of mediation to reach consensual plans of reorganisation, while not standard protocol in cases, has become common and is no longer controversial’.
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