Singapore Convention on Mediation opens for signing

The Singapore Convention on Mediation (the United Nations Convention on International Settlement Agreements Resulting from Mediation) a multilateral treaty developed by the U.N. Commission on International Trade Law (UNCITRAL) opens for signing in Singapore. The Convention provides a uniform framework for the recognition and enforcement of mediated settlement agreements that resolve international commercial disputes, similar to the 1958 Convention on the Recognition and Enforcement of Foreign Arbitral Awards. It provides for international mediated settlements to be treated in a manner comparable to arbitral awards.