STA Law Firm has a team of settlement experts to represent secured creditors, debtors, trustees, equity holders and suppliers....
Read more informationCorporate Law Firm in UAE-& across MENA. Corporate Lawyers in Dubai...
Read more informationSTA Law firm has a dedicated team of franchise lawyers who advises and counsels the franchise arrangements, structuring franchise programs, franchise network and distribution. ...
Read more informationSTA - Expert Team of Commercial & Contracts Lawyers in Dubai & UAE...
Read more informationSTA Law Firm is one of the leading law firm in Banking and Finance, Capital Markets, DIFC, Compliance and Regulatory practices. ...
Read more informationContact our expert team of property lawyers in Dubai & across UAE....
Read more informationSTA Law Firm's team of employment lawyers in Dubai, Abu Dhabi and across UAE advise universities, engineering & shipping firms, banks, & other industries...
Read more informationIntellectual Property Law Firm. Patent, Trademark Registration UAE...
Read more informationTechnology & Media Law Firm in Dubai - Expert Lawyers...
Read more informationSTA has a dedicated team of fraud & criminal lawyers in Dubai & UAE...
Read more informationShipping Law Firm in Dubai | Offices - Middle East, Asia & Europe....
Read more informationMergers and Acquisitions Law Firm in Dubai and United Arab Emirates...
Read more informationIn today’s competitive business environment the mining industry is becoming a very attractive option for foreign investors. New projects are being launched, but we can appreciate that foreign investors will find the mining industry......
Read more informationSTA lawyers recognize that the healthcare industry comprises of a variety of individuals, professions, teams and organisations that may need our legal services. We have considerable knowledge and experience......
Read more informationClients rely on and trust STA's banking lawyers to take a timely, practical and individually tailored approach to meet specific requirements of our clients. ...
Read more informationInsurance Practice at STA - Expert Insurance Lawyers in Dubai & UAE...
Read more informationSTA is a leading technology and media law firm in Dubai & across UAE...
Read more informationHospitality Lawyers in UAE - Expert Advice to Hospitality Industry...
Read more informationSTA’s seasoned team of property lawyers in Dubai, Abu Dhabi and across the UAE have thorough and extensive knowledge and experience in dealing with construction and real estate law matters. Learn more about our expertise and our team of property lawyers...
Read more informationSTA's lawyers in UAE specialize in all areas of contentious as well as non-contentious discipline in oil and gas industry and advice on both upstream and downstream work. Consult one of our Senior Energy Lawyers in Dubai or other offices today!...
Read more informationCombining variety of practice disciplines to provide extensive advice and counsel to clients, STA’s FMCG practice represents companies in a broad range of industries including large scale franchisors, Fortune 250, and multinationals ...
Read more informationShipping and Maritime Law Firm - UAE, Middle East, Asia and Europe. Expert advice on ship building, ship fiance, sale and purchase, compliance, due diligence and more. Our lawyers advice on all types of vessel including bulk carriers, tankers, cruise ships, offshore rigs and support vessels....
Read more informationSTA's Team of Lawyers in Abu Dhabi, Bahrain, Doha, UAE, Luxembourg, Moscow, RAK, Sharjah, and Singapore. Find a Lawyer. ..
Read more informationSingapore Convention on Mediation to Enter into Effect Soon
Introduction
The UN is one of the most significant international organisations. Their purpose revolves around ensuring and maintaining international peace and cooperation, and through them, numerous international treaties arise.
International treaties require all related nations and states to sign and ratify the agreements before they come into effect. The reason for this is due to the sovereign nature of different states. Countries are above the power of even international authorities and entities. As such, for any global regulation to have an effect, the nations must sign and ratify.
A recent UN treaty is the Singapore Convention on Mediation. It is named after Singapore though it is an international agreement. A total of 46 states attended the signing ceremony, including world leaders such as the US and China.
What the Treaty Entails
The treaty is also known as the United Nations Convention on International Settlement Agreements Resulting from Mediation. Mediation is becoming ever more popular globally as an alternate form of dispute resolution.
The purpose of the agreement is to bind the nations who sign it. They are bound to enforce mediation agreements that have arisen in other countries. The treaty will, therefore, provide international power to any resulting settlements within the selected nations.
The treaty will come into effect once three nations have ratified it, and considering the nature of the agreement, this is expected relatively soon. An exact time frame is not known at this time, and further nations may sign up in time. However, within the next year, Singapore may well ratify it.