Singapore Convention of Mediation Enters into Force
- Monday October 12th, 2020
- Posted by: EQUITAS
- Category: Articles, Mediation, News
The Convention of Mediation Enters into Force
On 12 September 2020 the Singapore Convention entered into force, at a digital celebration organised by the Singapore Ministry of Law and UNCITRAL.
Last year on the 7th of August the Convention, also known as the United Nations (UN) Convention on International Settlement Agreements Resulting from Mediation, was signed by the members of over forty countries including Turkey, Qatar, United States and China.
As of 1 September 2020 the Convention has 53 signatories, and 6 countries have already ratified it.
It is expected that the Convention will provide a more effective way for enforcing mediated settlements of commercial disputes involving businesses in the countries that are signatories to the Convention. Further aspects of the Convention can be reviewed by clicking here.
Signatories to the Convention as At 01 September 2020 (in alphabetic order)
Afghanistan, Armenia, Belarus, Benin, Brunei, Chad, Chile, China, Colombia, Congo, Democratic Republic of Congo, Ecuador, Eswatini, Fiji, Gabon, Georgia, Ghana, Grenada, Guinea-Bissau, Haiti, Honduras, India, Iran, Israel, Jamaica, Jordan, Kazakhstan, Laos, Malaysia, Maldives, Mauritius, Montenegro, Nigeria, North Macedonia, Palau, Paraguay, Philippines, Qatar, Republic of Korea, Rwanda, Samoa, Saudi Arabia, Serbia, Sierra Leone, Singapore, Sri Lanka, Timor-Leste, Turkey, Uganda, Ukraine, USA, Uruguay, Venezuela