October 08, 2019 Articles

The Singapore Mediation Convention: What Will Be Its Impact?

Mediation will not eclipse arbitration anytime soon, but the Singapore Convention is a positive development for dispute resolution as a whole.

By Iris Ng

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

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