The following Dispute Resolution practice note Produced in partnership with Ben Giaretta of Fox Williams LLP provides comprehensive and up to date legal information covering:
The United Nations Convention on International Settlement Agreements Resulting from Mediation was signed in Singapore on 7 August 2019, and is known as the Singapore Convention.
The primary goals of the Singapore Convention are to facilitate international trade and promote the use of mediation for the resolution of cross-border commercial disputes (UNCITRAL accession kit).
The intention is to have a uniform and efficient framework for the enforcement of international settlement agreements resulting from mediation and for allowing parties to invoke such agreements, akin to the framework that the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the New York Convention) provides for arbitral awards (UNCITRAL accession kit).
The structure of the Singapore Convention is modelled on the structure of the New York Convention.
The Singapore Convention came into force on Saturday, 12 September 2020 for Fiji, Qatar and Singapore. This is six months after the deposit at the United Nations of the third instrument of ratification, acceptance, approval or accession as per Article 14—the third ratification being on 12 March 2020. For information, see: Singapore Mediation Convention in force from 12 September 2020—LNB News 19/03/2020 14.
The precise method of ratification, acceptance, approval or accession depends on the constitutions of the signatory countries.
On 7 August 2019, 46 countries signed the Singapore Convention, namely: Afghanistan, Belarus, Benin,
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