(1) The parties to a mediation may appoint any person or institution the parties consider acceptable to serve as a mediator.

(2) Parties may request the assistance of a suitable institution or person in the appointment of a mediator and may in so doing request the institution or person

(a) to recommend the names or provide a list of suitable persons to serve as mediator; or

(b) to conduct the mediation.

(3) Parties to a mediation may adopt the Mediation Rules in the Fourth Schedule to this Act.