UN CONVENTION

Today in Singapore, 46 countries have signed the UN Convention on International Settlement Agreements achieved as a result of Mediation (Singapore Convention on Mediation). The Convention creates an agreed legal framework and basis for ensuring the conduct of mediation procedures, the right to refer to mediation (settlement) agreements, as well as their enforcement acceptable to States with different legal, social and economic systems. The Convention is a tool to facilitate international trade and promote mediation as an alternative and effective method for resolving trade disputes. As a binding international instrument, it is expected to bring clarity and stability to the international framework of mediation and thereby contribute to the achievement of the Sustainable Development Goals.

Currently, the Convention is open for signatures by the States and regional economic integration organizations. The text of the Convention can be found by clicking this link.