Formal Addresses by PM Lee Hsien Loong and UN ASG Mr Stephen Mathias
Singapore Convention on Mediation Signing Ceremony
Panel 1 – Multilateralism, International Collaboration and Rule of Law in an Evolving World
K Shanmugam, SC
Minister for Home Affairs and Minister for Law, Singapore
A very warm welcome to all delegates, to Singapore and to the Singapore Convention Signing Ceremony and Conference.
The United Nations Convention on International Settlement Agreements Resulting from Mediation, also known as the Singapore Convention on Mediation, is the missing piece in the international dispute resolution enforcement framework, which currently includes the Convention on the Recognition and Enforcement of Foreign Arbitral Awards and the Hague Convention on Choice of Court Agreements. It will help enhance the cross-border enforceability of mediated settlement and businesses will benefit with greater certainty and assurance.
Singapore is most honoured to be hosting the signing of the Singapore Convention on Mediation. The strong turnout of country representatives and delegates from around the world is testament to the global support for this landmark multilateral treaty.
I wish all of you a fruitful time at the Singapore Convention Signing Ceremony and Conference and an enjoyable stay in Singapore.
Ms Anna Joubin-Bret
The United Nations Convention on International Settlement Agreements Resulting from Mediation (the "Singapore Convention on Mediation") was adopted on 20 December 2018 by the General Assembly resolution 73/198. This Convention applies to international settlement agreements resulting from mediation. It is an instrument to facilitate international trade and to promote mediation as an alternative method of resolving disputes. As a binding instrument, it is expected to bring certainty and stability to the international framework on mediation, thereby contributing to the United Nations Sustainable Development Goals, mainly the Goal 16 on promoting just, peaceful and inclusive societies.
The Singapore Convention on Mediation shall be open for signature in Singapore on 7 August 2019, and thereafter at the United Nations headquarters in New York. Invoking the resolution 73/198, we would like to express our appreciation again to the Government of Singapore for its offer to host a signing ceremony for the Convention in Singapore.