The Singapore Mediation Convention And Its Effects On Indian Businesses Per Se

The United Nations International Convention on Settlement Agreements for Mediation (Singapore Convention) was taken up for signature in Singapore on the 7^th of August, 2019, and the same came into force on the 12th of September 2020. The Singapore Convention, if read in entirety corresponds to the growing demand from a body of users who rely on mediation as an enforcement mechanism that is applicable to settlement agreements in case of cross border disputes. Technically, it is an international convention that aims to help businesses resolve cross border disputes and further facilitate international trade.

This convention looks to give global businesses with some amount of certainty in resolving cross border disputes by way of mediation and making it possible for them to apply directly to the courts of countries that have ratified the convention in question. As per the latest data, there are 53 signatory countries to the convention and this convention is also called