September 18, 2019
The Singapore Convention on Mediation: A Further Dispute Resolution Option for Businesses
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On 7 August 2019, representatives from 46 countries gathered in Singapore to sign the UN Convention on International Settlement Agreements Resulting from Mediation (the “Singapore Convention”).
The Convention establishes a legal framework for the cross-border recognition and enforcement of mediated settlement agreements.
This complements the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, which regulates the recognition and enforcement of arbitral awards, and the 2005 Hague Convention on Choice of Court Agreements, which regulates the recognition and enforcement of court judgments based on exclusive choice-of-court agreements.
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