Document Type

Article

Publication Date

2025

Abstract

The Singapore Convention on Mediation undeniably represents a landmark development in the field of international dispute resolution, providing a long-awaited and much-needed international enforcement framework that has the significant potential to substantially enhance the credibility, attractiveness, and overall effectiveness of mediated settlement agreements in cross border commercial disputes. By establishing a more predictable and reliable mechanism for the enforcement of these voluntarily reached agreements, the Convention directly addresses a critical gap that had long existed in the international dispute resolution landscape, particularly when compared to the well-established regime for the enforcement of international arbitral awards under the New York Convention. While acknowledging that certain challenges remain in achieving truly universal adoption of the Convention across all major trading nations and in ensuring consistent judicial interpretation of its provisions by national courts in signatory states, the overwhelming consensus among legal experts and practitioners is that the Singapore Convention has the clear potential to reshape the way that international commercial disputes are resolved. By making mediation a more reliably enforceable option in cross border contexts, the Convention could lead to a greater prioritization of mediation by parties seeking to resolve their disputes amicably, efficiently, and with a focus on preserving valuable business relationships.

Source Publication

Currents: Journal of International Economics Law

Download

Share

COinS