SINGAPORE CONVENTION ON MEDIATED SETTLEMENT AGREEMENTS COMES INTO FORCE TOMORROW – 12 SEPTEMBER 2020

Tomorrow marks an important day for dispute resolution users as the Singapore Mediation Convention comes into force, just over a year after its signing ceremony on 7 August 2019. The UNCITRAL Working Group II’s aim to implement an international regime for the enforcement of mediated settlements broadly akin to the 1958 New York Convention for the enforcement of arbitral awards, has finally come to fruition after several years of dedicated effort to provide dispute resolution stakeholders with a tool that tackles speed, cost and efficiency.

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