Provided that the parties are focused from the outset on resolving their dispute, mediation is likely to be the most cost-effective way to resolve competition law issues between them.
Court protocols and judges increasingly require parties to mediate disputes in an effort to avoid the cost and risk of trial. Mediation is very different from litigation and arbitration. A neutral third party does not express an opinion on the merits, but leads a confidential, bespoke and non-confrontational process aimed at maximizing the prospects for settlement (however complex the dispute or entrenched the parties).