Singapore Convention on Mediation

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Key Points

  • About:
    • The United Nations General Assembly adopted the Convention on 20th December 2018 and it was opened for signature on 7th August 2019 in Singapore.
    • It is also known as the Singapore Convention on Mediation and also the first UN treaty to be named after Singapore.
      • Singapore had worked with the UN Commission on International Trade Law, other UN member states and non-governmental organizations for the Convention.
    • India approved the signing of the Convention in July 2019.
    • As on 1st September 2020, the Convention has 53 signatories, including China and the USA as well.
  • Significance:
    • The Convention has been designed to become an essential instrument in the facilitation of international trade and in the promotion of mediation as an alternative and effective method of resolving trade disputes.
    • It will ensure that a settlement reached by parties becomes binding and enforceable in accordance with a simplified and streamlined procedure.
    • Businesses seeking enforcement of a mediated settlement agreement across borders can do so by applying directly to the courts of countries that have signed and ratified the treaty, instead of having to enforce the settlement agreement as a contract in accordance with each country’s domestic process.
    • The harmonized and simplified enforcement framework will save time and legal costs, which are of crucial importance in uncertain times posed by pandemics like COVID-19.
    • Businesses in India and around the world will now have greater certainty in resolving cross-border disputes through mediation, as it provides a more effective means for mediated outcomes to be enforced.
  • Importance for India:
    • It will boost India’s ‘ease of doing business’ credentials by enabling swift mediated settlements of corporate disputes.
    • It will also increase the confidence of the investors and shall provide a positive signal to foreign investors about India’s commitment to adhere to international practice on Alternative Dispute Resolution (ADR).

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Om Ram

Om Ram

A Life Sciences graduate from Sri Venkateswara College, Delhi University aka Scidellian Om. He has interests in Law, Science & Film making. Some of his notable work related to photography and other interests can be seen on his Instagram. He has a channel named 'Law Planet' where he along with his sister make videos to make people aware of laws and their rights.
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  8. Company Law
  9. Constitution
  10. Contract Law
  11. Copyright Law
  12. Criminal Procedure Code
  13. Cyber Law
  14. Drafting, Pleading & Conveyance
  15. Equity & Trusts
  16. Environmental Law
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  19. Financial Market Regulation
  20. Hindu Law
  21. Human Rights
  22. Interpretation of Statutes
  23. International Law
  24. Intellectual Property Law
  25. Indian Penal Code
  26. Insurance Law
  27. Jurisprudence
  28. Juvenile Law
  29. Law in Changing Society: Contemporary Issues
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  33. Limitation Act
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  40. Muslim Law
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