Dear all,
Understand BATNA and WATNA for Mediation
I am Natalia Cheung, a Hong
Kong International Arbitration Centre (HKIAC) Accredited Mediator and a
practising solicitor in Hong Kong.
I would like to share with you some information on BATNA (Best Alternative
to a Negotiated Agreement) and WATNA (Worst Alternative to a Negotiated
Agreement) in mediation.
BATNA
What are the best outcomes for clients or the best
circumstances the clients would be put into if they do not settle the dispute
with the other side.
Clients should be advised to evaluate whether the
opposing party has a strong or weak BATNA to enable them to better understand
their positions and negotiating strengths.
Any settlement proposal which is better than a
party’s BATNA should be accepted.
WATNA
What are the worst outcomes for clients or the
worst circumstances the clients would have to face if they do not settle the
dispute with the other side.
Through understanding WATNA, clients’ attention would be more likely to shift from what they have to compromise in the negotiated agreement to what they could benefit from it.
For further information on mediation, please contact Ms. Natalia Cheung
[(852)-6777 5767]
E-mail: natalia@plaw.hk
HKIAC Accredited Mediator & Hong Kong Solicitor
[(852)-6777 5767]
E-mail: natalia@plaw.hk
Natalia Cheung
HKIAC Accredited Mediator & Hong Kong Solicitor
Pang Kung & Co., HK Solicitors & Notaries & Civil Celebrants of Marriages
Disclaimer: The above is for your information and reference only. The contents do not constitute legal advice or a substitute for legal advice in individual cases.
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