The signing ceremony for the United Nations Convention on International Settlement Agreements Resulting from Mediation was held on 7 August 2019 in Singapore.
The United Nations is an intergovernmental organisation whose purpose is to maintain international peace and security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonising the actions of nations.
There is a great expectancy by the players involved in international commercial disputes concerning what really wait from this point in the mediation international scenario.
It is true that the Convention is a milestone. An international convention is very likely to bring us various benefits, and contribute with the development of mediation as an adequate method of dispute resolution in the international arena.
Many users are expecting the same positive effects that New York Convention has brought to arbitration.
The text of the Convention gives a wide interpretation of the term Mediation and sets grounds under which the recognition and enforcement of the agreement could be denied by State courts.
It seems there will be no more excuses not to consider Mediation as an option for the ones who are involved in actual our potential conflicts.
Singapura is giving us the example, by leading an International Mediation Competition during the week of the Singapore Convention signature, and, thus, putting together many of the young generation representatives, that will be soon dealing with international dispute resolution.