Ministry Of Justice
Detail of outcome
This is the governments response to its consultation on the United Nations Convention on International Settlement Agreements Resulting from Mediation (New York, 2018) (the Singapore Convention on Mediation).
Original consultation
Consultation description
The mediation sector in the UK was estimated to be worth 17.5 billion in 2020, and it is estimated that mediation can save businesses around 4.6 billion per year in management time, relationships, productivity and legal fees.
The Singapore Convention is a Private International Law agreement which establishes a uniform framework for the effective recognition and enforcement of commercial mediated settlement agreements across borders. It provides a process whereby someone seeking to rely upon a mediated settlement agreement can apply directly to the competent authority of a Party to the Convention to enforce the agreement.
The Convention was negotiated by the United Nations Commission on International Trade Law (UNCITRAL) and came into force on 12 September 2020. It currently has 55 signatories and 9 parties have ratified it.
