At the 51st session of United Nations Commission on International Trade Law (UNCITRAL) on 25 June 2018, the final drafts for a Convention on the Enforcement of Mediation Settlements and the corresponding Model Law were approved. The drafts are now being referred to the Commission for adoption later this year. This is a huge step in encouraging the use of mediation on an international level, presenting it as a viable alternative to arbitration and litigation for certain disputes.
After three years of vigorous debate with participation by 85 member states and 35 IGOs/NGOs, the UNCITRAL Working Group II has created an instrument which aims to implement an international regime for the enforcement of mediated settlements – similar to the 1958 Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention).
The Group also approved a resolution to name the Convention the “Singapore Mediation Convention”, with a signing ceremony expected in Singapore in 2019. In order for the Convention to come into force, it must be ratified by at least three member states.