P.R.I.M.E. Finance mediation services assist parties in reaching a negotiated and amicable solution to their dispute.
The P.R.I.M.E. Finance Mediation Rules are based on the commonly used UNCITRAL Conciliation Rules 1980, with refinements made to reflect developments in mediation techniques and to introduce some more updated features.
In 2015, P.R.I.M.E. Finance entered into a Cooperation Agreement with the Permanent Court of Arbitration (the PCA), as a result of which the PCA provides administrative assistance in support of any mediation brought under the the P.R.I.M.E. Finance Mediation Rules. This role is reflected in the Rules.
P.R.I.M.E. Finance has otherwise kept closely to the original text of the UNCITRAL Conciliation Rules to ensure that, in the case of any ambiguities, reference may be made to commentaries on those rules.