The institution of arbitration is an alternative solution to problems faced by enterprises as a result of a justice administration system that is inaccessible and time-consuming, Athens Chamber of Commerce and Industry (ACCI) president Constantinos Michalos underlined on Thursday.

He noted that this alternative service, provided by ACCI to its members since last year, helps the parties involved to reach a mutually acceptable solution to a dispute through an agreement that will satisfy their interests.

Michalos addressed an event on “alternative ways to settle disputes, arbitration and mediation at the service of businessmen and citizens” hosted by ACCI with the support of the European Commission representation in Greece.