Singapore Convention Week 2021 Brings Together Global Legal And Business Community
SINGAPORE - Media OutReach -
31 August 2021 - The upcoming Singapore Convention Week (SC Week) 2021 will
bring together leaders from the legal, business and government sectors in the
international dispute resolution scene. Themed 'A World in Transition', the
global legal conference will be held virtually from 6 to 10 September 2021. Participants will discuss the latest
trends and innovations in international dispute resolution amidst a
fast-evolving business landscape in the COVID-19 pandemic era and beyond.
SC Week
2021 is organised by the Singapore Ministry of Law (MinLaw), in collaboration
with supporting partner organisations (see Annex
A and Annex B). The week-long series of events consists of:
(i) UNCITRAL Academy: An
inaugural event jointly organised by MinLaw and the United Nations Commission on International Trade Law (UNCITRAL),
this key
highlight of SC Week 2021 comprises fireside chats, panel discussions and
capacity-building workshops featuring C-level executives and industry
heavyweights. Singapore's Minister for Home Affairs and Minister for Law Mr K
Shanmugam SC, Singapore's Minister for Culture, Community and Youth and Second
Minister for Law Mr Edwin Tong SC and UNCITRAL Secretary Ms Anna Joubin-Bret,
together with over
40 leading global experts, will share their views and
experiences on the evolution and
increasing relevance of cross-border alternative dispute resolution (ADR) solutions
for businesses, and how companies and practitioners can successfully navigate
the complex business environment in today's world in transition. Discussion topics include the Singapore
Convention on Mediation, the role of international dispute resolution amidst
COVID-19, future trends in ADR, ADR in emerging markets, intellectual property
dispute resolution and the potential uses of mediation in debt restructuring
and insolvency. UNCITRAL Academy will be held on 7-8 September 2021.
(ii) Singapore Convention Week events (see Annex B): Organised by supporting partner
organisations, each event will delve into a different facet of international
dispute resolution, exploring perennial issues and new developments by bringing
together diverse perspectives from policymakers, practitioners and users.
Mr K Shanmugam SC, Singapore's Minister for
Home Affairs and Minister for Law, said: "There has been
increasing demand for practical, efficient and
cost-effective cross-border dispute resolution mechanisms. During SC Week 2021, these issues will be discussed. This
will be of interest to businesses around the world, particularly in the current
times. We are proud to partner UNCITRAL in this effort to make international
trade easier for businesses."
Ms Anna Joubin-Bret, Secretary of UNCITRAL,
said: "At
the signing ceremony of the Singapore Convention on Mediation in 2019, we had
highlighted that signing and ratification were merely the first step towards
the promotion of a harmonised framework for international mediation, and that
the second and crucial step would be implementation. We are proud to
co-organise the inaugural UNCITRAL Academy with MinLaw, and to be a part of SC Week
2021. Such events play an important role in advancing implementation. We hope
that these events will help in further increasing awareness and promoting the
use of mediation around the world, alongside other dispute resolution processes."
The Singapore Convention on Mediation, also known as the United Nations
Convention on International Settlement Agreements Resulting from Mediation, provides
an effective avenue for parties to enforce mediated settlement agreements for
cross-border disputes. The Convention opened for signature on 7 August 2019 in
Singapore, with 46 signatories. To date, the Convention has 54
signatories, and six Parties. It entered
into force on 12 September 2020. (For more information, please refer to Annex
C).
United Nations Commission on International Trade
Law
American Arbitration Association International
Centre for Dispute Resolution Asia Case Management Centre
Asia Pacific Institute of Experts
INSOL International
International Bar Association
Singapore Chamber of Maritime Arbitration
Singapore Institute of Arbitrators
Singapore International Arbitration Centre
Singapore International Commercial Court
Singapore International Dispute Resolution
Academy
Singapore International Mediation Centre
Singapore International Mediation Institute
Singapore Mediation Centre
Society of Mediation Professionals (Singapore)
The Law Society of Singapore
Annex B: SC Week 2021 Infosheet
Annex C: Factsheet
on the Singapore Convention on Mediation
Background, Signing, and
Ratification
On June 2018, the United Nations Commission on
International Trade Law ("UNCITRAL"), finalised the United Nations Convention
on International Settlement Agreements Resulting from Mediation and adopted the
UNCITRAL Model Law on International Commercial Mediation and International
Settlement Agreements Resulting from Mediation, 2018 (amending the Model Law on
International Commercial Conciliation, 2002).
On 20 December 2018, the United Nations General
Assembly (i) adopted the Convention; (ii) authorised the signing ceremony of
the Convention to be held in Singapore; and (iii) authorised the nomenclature
of the "Singapore Convention on Mediation" (the "Singapore Convention") making
it the first
UN treaty to be named after Singapore.
On 7 August 2019, the Singapore Convention
Signing Ceremony and Conference was held where Singapore hosted more than 1,500
delegates from 70 countries at the event. 46 countries signed the Singapore Convention
on that day and subsequently, seven other countries signed at the UN
headquarters in New York, bringing the total number of signatories to 53.
On 12 September 2020, the Singapore Convention came
into force.
On
4 June 2021, Brazil signed the Singapore Convention, bringing the total number
of signatories to 54 countries.
Key Benefits
Mediation is rising in popularity as a means to
resolve cross-border commercial disputes for several reasons, including the
fact that it results in party-driven solutions which are not imposed by a third
party. It also reduces time and costs for parties as well as burdens to the
state. Due to its conciliatory nature, it better facilitates business
continuity and relationships, also reducing instances where a dispute leads to
termination of commercial relationships. Mediation is also a flexible solution
for international disputes as it can be combined with or complement other modes
of dispute resolution, such as litigation or arbitration.
However, its growth has been hindered by the
long-standing obstacle of a lack of enforceability of the mediated settlement agreement.
Unlike a court judgment or an arbitral award, previously, a mediated agreement
was only binding contractually and not directly enforceable. The lack of an
efficient and harmonised framework for cross-border enforcement of settlement
agreements resulting from mediation was often cited as a challenge in utilising
mediation as an effective solution.
The Singapore Convention directly addresses the
lack of an effective means to enforce cross-border commercial mediated
settlement agreements by providing the framework by which agreements may be
enforced. Businesses can have greater assurance that mediation can be relied on
to settle cross-border commercial disputes because mediated settlement
agreements can be enforced more readily by the courts of contracting parties to
the Singapore Convention.
This certainty of outcomes is beneficial for
businesses especially during a period of uncertainty such as the COVID-19
pandemic. It will also help to promote the use of mediation around the world
for cross-border disputes, saving time and costs, and potentially ensure better
business continuity, facilitating the growth of international trade and
commerce.
Applicability of the
Singapore Convention
The Singapore Convention will apply to
international commercial settlement agreements resulting from mediation. The
courts of a contracting party will be expected to handle applications either to
enforce an international settlement agreement that falls within its scope or to
allow a party to invoke the settlement agreement to prove that the matter has
already been resolved, in accordance with its rules of procedure, and under the
conditions of the Singapore Convention.
The Singapore Convention will not apply
to: · International settlement agreements that are concluded in the course of judicial or arbitral proceedings and which are enforceable as a court judgment or arbitral award; or · Settlement agreements concluded for personal, family, or household purposes by one of the parties (a consumer), as well as settlement agreements relating to family, inheritance, or employment law.
The courts of a contracting party may refuse to
grant relief on the grounds laid down in the Singapore Convention, including: · If a party to the settlement agreement was under incapacity; · If the settlement agreement is not binding, null and void, inoperative, or incapable of being performed under the law to which it is subjected to; · If there was a serious breach by the conciliator of standards applicable to the conciliator, without which breach that party would not have entered into the settlement agreement; and · If granting relief would be contrary to the public policy of the contracting party.
List
of Countries that Signed and Ratified the Singapore Convention
Note:
Countries that have ratified/approved the Singapore Convention are denoted with
an asterisk (*)
S/N
Country
S/N
Country
1
Afghanistan
28
Kazakhstan
2
Armenia
29
Lao People's Democratic Republic
3
Belarus*
30
Malaysia
4
Benin
31
Maldives
5
Brazil
32
Mauritius
6
Brunei Darussalam
33
Montenegro
7
Chad
34
Nigeria
8
Chile
35
North Macedonia
9
China
36
Palau
10
Colombia
37
Paraguay
11
Congo
38
Philippines
12
Democratic Republic of the Congo
39
Qatar*
13
Ecuador*
40
Republic of Korea
14
Eswatini
41
Rwanda
15
Fiji*
42
Samoa
16
Gabon
43
Saudi Arabia*
17
Georgia
44
Serbia
18
Ghana
45
Sierra Leone
19
Grenada
46
Singapore*
20
Guinea-Bissau
47
Sri Lanka
21
Haiti
48
Timor-Leste
22
Honduras
49
Turkey
23
India
50
Uganda
24
Iran (Islamic Republic of)
51
Ukraine
25
Israel
52
United States of America
26
Jamaica
53
Uruguay
27
Jordan
54
Venezuela (Bolivarian Republic of)
The issuer is solely responsible for the content of this announcement.
Singapore Ministry of Law
The mission of the Singapore Ministry of Law (MinLaw) is to advance
access to justice, the rule of law, the economy, and society through policy,
law and services. MinLaw drives legal reforms, oversees the policy for the
development, promotion and regulation of Singapore's legal sector, and advances
Singapore's national interests through international legal policy and
cooperation. In addition, MinLaw licenses law practices, registers
foreign-qualified legal practitioners, regulates moneylending and pawnbroking,
supervises precious stones and metal dealers, and provides community legal
services such as legal aid, community mediation, insolvency administration, and
public trustee services. MinLaw also oversees land policy and administration
and the development of Singapore's intellectual property sector, supported by
its statutory boards.
For more information, please visit MinLaw's website.
#SingaporeMinistryofLaw
The United Nations Commission on International Trade Law (UNCITRAL)
The United Nations Commission on International Trade Law is the core
legal body of the United Nations system in the field of international trade
law. A legal body with universal membership specialising in commercial law
reform worldwide for over 50 years, UNCITRAL's business is the modernisation
and harmonisation of rules on international business.