Mediation as a Negotiation Technology and Prospects for its Application in the Banking Sector

The paper is devoted to the use of a negotiation technology and its variety—mediation—in the banking  sector. It is emphasized that in recent years we have been talking about applied competencies that practicing  lawyers are expected to possess in a certain area of their activity. In this regard, soft skills have become more  important that need to be learned in the process of building relationships in a professional environment. Soft skills  are universal socio-psychological qualities that do not depend on the professional suitability of an individual, but  directly influence our success in the business environment. Mediation procedures can also be classified as soft  skills. The case stydy of credit relations shows the positive aspects of the use of mediation in the banking sector.  It should be noted that abroad such a procedure as mediation is used in a wide range of relations. Moreover,  mediation is mandatory, i.e. it is considered as a mandatory pre-trial stage of dispute settlement.

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