UN Convention on International Settlement Agreements Resulting from Mediation (Singapore Convention)

The UN Convention on International Settlement Agreements Resulting from Mediation, known as the Singapore Convention, is an international treaty that makes it easier to enforce settlement agreements reached through mediation across different countries. Mediation is a process where parties resolve disputes with the help of a neutral mediator. The convention provides a uniform legal framework, allowing parties to quickly and efficiently have their agreements recognized and enforced in other signatory countries, reducing uncertainty and promoting cross-border trade and investment. It aims to increase confidence in international mediated settlements, facilitating smoother dispute resolution globally.