ForumIAS LATEST
- SFG FRC 2027 | Program starts from 19th Dec. 2026 | Admissions open for Entrance Test Click Here to know more →
- Prelims Test Series (PTS) for Prelims 2027 starts 11th Oct. 2026 Click Here to know more →
- [Pre-order] Ethics Redbook 3rd Edition: Delivery starts from 10th October onwards Click Here to Read More →
- 21 Sept. | GS Advance Program (GSAP) for UPSC 2027 Mains starts from 11th Oct. Click Here to Read More →
News: Singapore Convention on Mediation has entered into force marking a significant development in international commercial dispute resolution.
Facts:
- Singapore Convention also known as the United Nations Convention on International Settlement Agreements Resulting from Mediation is an international agreement regarding the recognition of mediated settlements.
- When was it adopted? The convention was adopted in December,2018 and opened for signature in August,2019.
- Signatories: As of September 1, 2020, the Convention has 53 signatories, including India, China and the United States. Ecuador is the most recent country to ratify the Convention.
- Significance: The convention helps businesses seeking enforcement of a mediated settlement agreement across borders to apply directly to the courts of countries that have signed and ratified the treaty instead of having to enforce the settlement agreement as a contract in accordance with each country’s domestic process.
