The story of the Detroit bankruptcy mediation’s emerging “Grand Bargain” (as it has been dubbed in the media) is a fascinating case of many different groups working to protect their chosen interests. The bargain demonstrates how mediation allows parties to consider what they are willing to give in order to secure the things that matter most to them, and how traditional rivals may collaborate for a shared goal. Where litigation must have winners and losers, the proposed mediated bargain seeks to avoid that. Instead, it involves a complex balancing act in which many parties give a little to get a little — if “a little” is the right way to describe the potential movement of hundreds of millions of dollars. (more…)
Posts Tagged ‘bankruptcy’
Here at the Just Court ADR blog, we focus on just that – court-connected alternative dispute resolution. But occasionally, a dispute resolution system becomes so popular that it grows beyond the walls of the courthouse and replicates itself, like good yeast, into new shapes.
The latest ADR bread to rise outside the judiciary (more…)
The end of March marked the end of two madnesses: Connecticut’s journey to the championship and a foreclosure mitigation bill’s journey through the Senate Judiciary Committee. But the journey is over in only one court.
On March 31, the Senate Judiciary Committee approved the first federal bill (more…)