Business Commentary

Arbitration: How important is Singapore convention?

By Aisha Ado Abdullahi

The United Nations Convention on International Settlement Agreement resulting from Mediation “The Singapore Convention on Mediation”, was open for signature on the 7th of August 2019, in a signing ceremony in Singapore where 46 Countries signed.

The Convention essentially focuses on the enforceability of a settlement agreement that arises out of international commercial Mediation. It excludes personal consumer disputes, family disputes, inheritance and employment disputes. It serves to boost the confidence of disputants in a cross-border Commercial Mediation that any agreement reached as a result of Mediation is enforceable.

JAMS Mediation, Arbitration, ADR services formerly known as Judicial Arbitration and Mediation Services incorporated in collaboration with Society of Mediation Professionals (Singapore) and the Mediation Committee of the International Bar Association convened a stakeholder event to deliberate over the prospects and challenges of the Singapore convention on the 8th of August 2019, titled: The Singapore Convention: “Life after 7th August 2019” A Global Think Tank.

Participants expressed their views and concerns from various jurisdictions such as Asia, Australia, New Zealand, United Kingdom, United States and Europe.

Discussions centered around the impact of the Singapore Conventions on: Ethical and Professional issues on Mediation representation, Mediation as a profession, fee arrangements that supports Mediation and views on the future of Investor State Dispute Settlement (ISDS).

What is the African perspective? We shall highlight these in the next edition of “GIST”.

List of Singapore Convention signees:

Singapor
Afghanistan
Belarus
Benin
Brunei
Chile
China
Colombia
Congo
Democratic Republic of Congo
Eswatini
Fiji
Georgia
Grenada
Haiti
Honduras
India
Iran
Israel
Jamaica
Jordan
Kazakhstan
Laos
Malaysia
Maldives
Mauritius
Montenegro
Nigeria
North Macedonia
Palau
Paraguay
Philippines
Qatar
Republic of Korea
Samoa
Saudi Arabia
Serbia
Sierra Leone
Sri Lanka
Timor-Leste
Turkey
Uganda
Ukraine
United States of America
Uruguay
Venezuela

Aisha Ado Abdullahi is the Director, Dispute Resolution Centre of Abuja Chamber of Commerce and Industry

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