International arbitration and mediation are often viewed as opponents in an antagonistic battle for the hearts, minds, and wallets of disputants. The fear of arbitration losing its status as the most preferred form of alternative dispute resolution is palpable: Mediation’s key disadvantage has long been the difficulty of enforcing mediated settlement agreements. But the United Nations Convention on International Settlement Agreements Resulting from Mediation (Singapore Convention) would promote the widespread international enforceability of settlement agreements, which directly erodes the edge of arbitration considering that the enforceability of arbitral awards is usually ranked as arbitration’s best feature.
Premium Content For:
- Litigation Section