Your Asset Manager had terminated the services of a Ms. Greenscape Services Pte Ltd ("Greenscape"), a nominated contractor who oversaw the landscaping strategy design work for the proposed master development in Bangkok. Greenscape has disputed the termination and are asking for costs of USD600,000 to cover the costs of mobilization and work done to date. There was no clause provision on termination or contract cancellation. Your Asset Manager believes that the initial payment of 10% more than compensates the USD1,800,000 contract for the advisory work already done, citing most of the work churn was due to poor design submissions. Greenscape had just sent a lawyer's letter of demand on full payment of USD600,000 within two weeks, failing which they will proceed to litigate. Your Fund Director was just briefed by the Asset Manager. You are separately called up by the Fund Director and asked to provide the following:
 

3a.
Identify the possible dispute resolution methods and appraise the key features of these methods in a table.

 

3b.
The dispute resolution method that the Fund should consider first and explain the rationale for this.

 

3c.
The dispute resolution method that the Fund should consider if the issue is to be completed as quickly as possible but with certainty of an outcome.