Key ProvisionsĪrticle 1 provides that the Convention applies to international settlement agreements resulting from mediation, concluded in writing by parties to resolve a commercial dispute. The Convention is open for signature by States and regional economic integration organizations (referred to as “Parties”).

Being a binding international instrument, it is expected to bring certainty and stability to the international framework on mediation, thereby contributing to the Sustainable Development Goals (SDG), mainly the SDG 16. The Convention is an instrument for the facilitation of international trade and the promotion of mediation as an alternative and effective method of resolving trade disputes. It establishes a harmonized legal framework for the right to invoke settlement agreements as well as for their enforcement. PurposeĪdopted in December 2018, the United Nations Convention on International Settlement Agreements resulting from Mediation, also known as the “Singapore Convention on Mediation” (the “Convention”) applies to international settlement agreements resulting from mediation (“settlement agreement”). Open for signature: 7 August 2019 in Singapore and, thereafter, at the United Nations headquarters in New York.

Namely in text