A New Dawn For International Mediation?

Hailed as a "game changer"¹ , the United Nations Convention on International Settlement Agreements Resulting from Mediation ("Convention") is viewed to be a powerful tool championing the use of mediation as a viable option for parties who want to swiftly resolve international commercial disputes.

STATUS QUO AND LANDMARK SHIFT FOR MEDIATING CROSS-BORDER DISPUTES

Instead of embarking on long drawn out legal battles, the use of mediation to resolve commercial disputes is sometimes taken to reduce the risk of turning important relationships sour to the point of no return. However, parties to mediated settlement agreements have often cited difficulty when one of them does not comply with its obligation thereunder and the other must then enforce the settlement agreement through court proceedings or arbitration.