Coronavirus could prompt a change in approach to commercial business disputes, it has been suggested, following the commencement of a landmark mediation agreement in Singapore.
The Singapore Convention on Mediation, which came into force earlier this month, provides for cross-border enforcement of settlements agreed through mediation, along the lines of the 60-year-old New York Convention on arbitration.
Edwin Tong, Singapore’s minister for culture, community and youth and second minister for law, told the Gazette that the agreement allows parties to ‘have a disagreement, but still have the confidence to enter into mediation, knowing that should they go their separate ways back to their own countries the convention will still allow them to enforce the mediation’.
Read more at The Law Society Gazette.
