United Nations Convention on International Settlement Agreements Resulting from Mediation | |
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Signed | 7 August 2019 | (first signatories)
Location | Singapore |
Sealed | 20 December 2018 (adopted by the UN) |
Effective | 12 September 2020 |
Condition | 6 months after the deposit of the third instrument of ratification, acceptance, approval or accession |
Signatories | 57 |
Parties | 11 |
Depositary | Secretary-General of the United Nations |
Languages | Arabic, Chinese, English, French, Russian, and Spanish |
The Singapore Convention on Mediation, formally the United Nations Convention on International Settlement Agreements Resulting from Mediation is an international agreement which provides a uniform and efficient framework for the recognition and enforcement of mediated settlement agreements that resolve international, commercial disputes - akin to the framework that the 1958 New York Convention provides for arbitral awards.[1] It was adopted on 20 December 2018 by the UN General Assembly and opened for signature on 7 August 2019.[2] The Convention entered into force on 12 September 2020, that is, six months after the deposit of the third ratification instrument by Qatar, the first two being Singapore and Fiji.