The Singapore Convention on Mediation, formally known as the United Nations Convention on International Settlement Agreements Resulting from Mediation, was signed on August 7, 2019. This landmark convention aims to facilitate international trade and promote mediation as a reliable and enforceable method for resolving cross-border commercial disputes2.

Here are some key points about the convention:

• Scope: It applies to international settlement agreements resulting from mediation in commercial disputes.
• Enforceability: The convention provides a framework for the enforcement of mediated settlement agreements across borders, making it easier for parties to ensure compliance.
• Global Participation: Initially signed by 46 countries, including major economies like the USA, China, and India, the convention came into force on September 12, 2020.
• Benefits: It aims to reduce the instances where disputes lead to the termination of commercial relationships, facilitate the administration of international transactions, and produce savings in the administration of justice.

The convention is seen as a game-changer in the field of international dispute resolution, providing a more efficient and harmonious way to settle disputes compared to traditional litigation. The Singapore Convention On Mediation was attended by the President Mr. P R Aruloli and the Vice President Dr. Shriraam Shekher.