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Home > Country profiles > Singapore > Articles > Article detail

Singapore And Fiji Ratify The Singapore Convention On Mediated Settlement Agreements Taking A Significant Step Towards Its Entry Into Force

Tuesday, 4th March 2020

"Yesterday, on 25 February 2020, Singapore and Fiji became the first two countries to deposit at the United Nations Headquarters their instruments of ratification of the Singapore Convention, more formally known as the United Nations Convention on International Settlement Agreements Resulting from Mediation. Singapore and Fiji have taken an important step towards bringing the Singapore Convention closer to coming into force.

The Convention will commence operation six months after three signatory states have ratified it into their domestic law. All it will now take therefore, for the clock to start ticking, is one more signatory state to deposit its instrument of ratification at the United Nations headquarters in New York.

Earlier this month, on 4 February 2020, the Singapore Convention on Mediation Bill was passed into law, though its provisions have yet to come into effect. The Bill was effectively fast-tracked through the Singapore Parliament given it was only tabled on 6 January 2020 for its first reading. The main purpose of enacting the Bill was to implement the Convention in Singapore and therefore allow for ratification.

The Singapore Convention was first opened during a signing ceremony and conference held in Singapore on 7 August 2019, where Singapore hosted more than 1500 delegates from 70 countries. 46 countries signed the Convention on the day. In the months following the signing ceremony, 6 other countries signed the Convention bringing the current total number of signatories to the Convention to 52. For more information on the signing ceremony and conference in August 2019, please click here and here to read our previous posts. A full current list of the signatories can be found at the foot of this blog post."

Read in full: 

Source: Herbert Smith Freehills
Language: English
Contact: Alexander Oddy , Tomas Furlong , Gitta Satryani and Priya Aswani

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