NMP Douglas Foo said the Singapore Convention on Mediation Bill is “timely”, as the advantages and benefits offered are wide-ranging.
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.
It will give full suite of options for commercial parties to resolve their cross-border disputes.
A new Bill that will boost Singapore’s position as a leading global dispute resolution hub was introduced on Monday (Jan 6), allowing parties in cross-border commercial disputes to seek various options to enforce or invoke their mediated settlement agreements.
The Ministry of Law (“MinLaw”) has tabled the Singapore Convention on Mediation Bill 2020 (‘’the Bill”) for First Reading in Parliament.
Learn and understand the process of mediation and find a solution to maintain the ongoing relationship.
Mr Edwin Tong SC addressed the issues and share his perspectives on the past, present and future of mediation for Singapore. He shared on Singapore’s role in growing mediation locally and globally, reviewed Singapore’s present achievements in the international dispute resolution space, and provided suggestions on how the government, bench, bar, businesses and academia can work together to harness the benefits of the Convention and mediation.
The speech was delivered by The Honourable the Chief Justice Sundaresh Menon at the Supreme People’s Court of Vietnam workshop on Mediation on 17 September 2019.
Singapore Mediation Centre’s newly appointed Executive Director, Mr Ban Jiun Ean delivered his welcome address at the annual Appreciation Lunch which was held at The Ritz Carlton Hotel on 4 September 2019.