On 10 September 2021, Australia signed the United Nations Convention on International Settlement Agreements Resulting from Mediation (the Singapore Convention).
The Singapore Convention represents a significant development in international dispute resolution, as it recognises the importance and utility of mediation in the settlement of international commercial disputes by providing a “uniform and efficient framework for the enforcement and invocation of international settlement agreements resulting from mediation”.
This article details the status of the Singapore Convention, how it will apply, and what the potential limitations and impacts may be once Australia implements the Singapore Convention in its domestic legislation and deposits its instrument of ratification.
