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The United Nations Convention on International Settlement Agreements Resulting from Mediation Enters into force
Time：2020/09/12 BJT
Reproduced News
VIENNA, 12 September (UN Information Service) - Today marks the entry into force of the Singapore Convention on Mediation. On 7 August 2019, 46 States signed the Singapore Convention on Mediation. Since then, seven more States have signed the Convention for a total of 53 signatories. In addition, six countries have ratified the Convention to date - Singapore, Fiji, Qatar, Saudi Arabia, Belarus and Ecuador.
The Singapore Convention on Mediation facilitates international trade and promotes mediation as an alternative and effective method of resolving commercial disputes by providing an effective mechanism for the enforcement of international settlement agreements resulting from mediation.
An online event co-organized by UNCITRAL and the Singapore Ministry of Law celebrated this significant milestone and drew attention to the future application of mediation in the Investor-State Dispute Settlement (ISDS) context. Information about the Convention, the text of the Convention, and the video from the celebratory online event is found on the UNCITRAL website: https://uncitral.un.org/en/texts/mediation/conventions/international_settlement_agreements. The online event can also be found on the Singapore Ministry of Law's Singapore Convention website along with materials from the signing ceremony held on 7 August 2019: https://www.singaporeconvention.org/.