Georgia Ratifies the Singapore Convention

Georgia becomes the 9th State Party to the United Nations Convention on International Settlement Agreements Resulting from Mediation, also known as the “Singapore Convention on Mediation”, which now has 55 signatories.

The ratification by Georgia was effected on 29 December 2021 and the Convention will enter into force for Georgia on 29 June 2022.

Georgia has made two reservations upon ratification of the Singapore Convention on Mediation: 

“The following reservations shall be taken into consideration upon ratification of the United Nations Convention on International Settlement Agreements Resulting from Mediation
a) Georgia declares that this Convention shall not apply to settlement agreements to which it is a party, or to which any governmental agencies or any person acting on behalf of governmental agency is a party;
b) Georgia hereby declares that this Convention shall apply only to the extent that the parties to the settlement agreement have agreed to the application of the Convention.”

A full list of signatories and parties to the Convention is available on the UNCITRAL website: https://uncitral.un.org/.  Further up-to-date information on the Convention and its status, including an overview of the implementing legislation of the Parties to the Convention, the official preparatory documents from the UNCITRAL Working Group II negotiations (Travaux Préparatoires) and other useful resources, may be found here.

The Singapore Convention on Mediation facilitates international trade and promotes mediation as an alternative and effective method of resolving commercial disputes by providing an effective mechanism for the enforcement of international settlement agreements resulting from mediation.

The Convention is open for signature, ratification, and accession by States and regional economic integration organizations.

Please note that Singapore Convention Week 2022 which brings together top practitioners and headline makers in the international dispute resolution scene will run from 29 August to 2 September, organized by the Singapore Ministry of Law (MinLaw), in collaboration with supporting partner organizations, including international dispute resolution institutions. You may indicate your interest to attend, through the following link.

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