Qatar is third country to ratify UN convention named after Singapore; Fiji did so last month

On 25 February 2020, Singapore and Fiji became the first two countries to deposit at the United Nations Headquarters their instruments of ratification of the Singapore Convention, more formally known as the United Nations Convention on International Settlement Agreements Resulting from Mediation. 

Fiji and Singapore became the first two countries to deposit their respective instruments of ratification of the United Nations Convention on International Settlement Agreements Resulting from Mediation.

The Singapore Convention on Mediation Bill plays a key role in Singapore’s future in the international sphere. The Bill is the first United Nations treaty named after Singapore and aligns with Singapore’s role as an international dispute resolution hub, said MP Christopher de Souza in Parliament on Tuesday.

The progress that Singapore has made on mediation domestically is now magnified on the international stage with the Singapore Convention on Mediation Bill, said MP Louis Ng in Parliament on Tuesday. 

Singapore aims to provide businesses with a full suite of user-centric options to resolve cross-border disputes, whether through litigation, arbitration or mediation under the Singapore Convention on Mediation Bill, said Senior Minister of State for Law Edwin Tong in Parliament on Monday.

The Singapore Convention on Mediation Bill is “commendable” amidst the increasing need for cross-border mediation resources, said MP Patrick Tay.

NMP Douglas Foo said the Singapore Convention on Mediation Bill is “timely”, as the advantages and benefits offered are wide-ranging.

The Singapore Convention on Mediation Bill is a landmark Bill as it represents a significant major step for the cross-border resolution of commercial disputes, said MP Fatimah Lateef in Parliament on Monday.

The changing field of international mediation is offering small businesses a cost-effective means of resolving commercial disputes.