Singapore Agreement

The Singapore Agreement, formally known as the Singapore Convention on Mediation, is an international treaty established in 2019 to promote the use of mediation in resolving cross-border commercial disputes. It allows parties to enforce mediated settlement agreements across different countries, making it easier to reach resolutions without going through lengthy court processes. By providing a framework for recognition and enforcement, the agreement aims to enhance global trade and investment by improving access to effective dispute resolution methods. Overall, it fosters a more collaborative approach to resolving conflicts in the international business landscape.