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The United Nations Commission on International Trade Law's (UNCITRAL) approves final drats of Convention on the Enforcement of Mediation Settlement Agreements and corresponding Model Law

Feb, 18, 2023 Hi-network.com
The United Nations Commission on International Trade Law's ("UNCITRAL") Working Group II approved final drafts for a Convention on the Enforcement of Mediation Settlement Agreements and for a Model Law on International Commercial Mediation and International Settlement Agreements Resulting from Mediation (so called Singapore Mediation Convention). While these instruments need to be adopted and ratified by states, they strengthen the role of mediation as an alternative to arbitration for international commercial dispute resolution.

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