Convention on International Settlement Agreements Resulting from Mediation

The Convention on International Settlement Agreements Resulting from Mediation is an international treaty that helps ensure that agreements reached through mediation—alternative dispute resolution methods—are recognized and enforceable across participating countries. It aims to provide a reliable legal framework so that parties can settle disputes without lengthy court processes, knowing their mediated agreements will be respected and enforceable internationally. This promotes cross-border trade and investment by reducing legal uncertainties, fostering smoother resolution of disputes between parties from different nations, and supporting international commerce through a standardized approach to mediated settlements.