Singapore Convention: Challenges In Cross Border Mediation

INTRODUCTION

The Singapore Convention on Mediation also known as the United Nations Convention on International Settlement Agreements Resulting from Mediation passed in December 2018 and effectiveness as of September 12,2020.¹ It is to facilitate the contract incorporation model for the enforcement of the international settlement agreements which stem from the mediation to encourage mediation as being a functional approach for the cross-border disputes.² As the world economy continues to become more integrated, efficient cross-border mediation has emerged as a crucial tool enabling the international business community. Unlike litigation and arbitration, it is cheaper, quicker and less aggressive.