X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
mediator dispute problem conflictThe preamble to the Singapore Convention (the Convention) states that “mediation is increasingly used in international and domestic commercial practice as an alternative to litigation,” “the use of mediation results in significant benefits” and “the establishment of a framework for international settlement agreements resulting from mediation … would contribute to the development of harmonious international economic relations.”

The Convention is not about primacy of mediation over arbitration or litigation. It is about assuring the increasing viability of international commerce. The United Nation’s International Trade Law’s (UNCITRAL) working committee crafted the Convention with particular care so as not to create a schism within the legal community nor unduly complicate the life of legal practitioners. The end result is a protocol that will increase the range and impact of practitioners’ tools to employ in pursuit of the economic interests of their clients and their commercial relations.

The Convention will have a profound impact on the practice of law in New York, the epicenter of global finance and commerce. This article will provide a primer for New York practitioners on the Convention, including these key insights:

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.