Singapore Convention

The Singapore Convention aims to promote mediation as an alternative, fast, cheap, and effective method of facilitating international trade and resolving commercial disputes, to provide certainty and stability to the mediation solution method at the international level, and to deliver a binding and enforceable quality of the document resulting from the mediation at the international level. The Singapore Convention has been prepared by a working group formed by the United Nations Commission On International Trade Law (“UNCITRAL”), its official name is United Nations Convention on International Settlement Agreements Resulting from Mediation, but it is referred to as the Singapore Convention on Mediation or the Singapore Convention since it was opened for signature in Singapore and Singapore played a major role in the process. This convention has been signed by 54 countries, including Turkey. Article 14 of the convention states that the convention will enter into force 6 months after the third approval. The convention was signed by the Republic of Fiji, the State of Qatar, and the Republic of Singapore, and this requirement was fulfilled on 12.03.2020. Accordingly, the Convention entered into force 6 months after this date, on 12.09.2020.

Turkey ratified the “United Nations Convention on International Settlement Agreements Resulting from Mediation” on 11 March 2021 by way of enacting Law Regarding the Approval of the United Nations Convention on International Settlement Agreements Resulting from Mediation numbered 7282, which entered into force on its publication date, 11 March 2021. The Law No. 7282 approved by the Turkish Grand National Assembly was approved by the Presidential Decree No. 9 on April 22, 2021. Pursuant to Article 14 of the said law, after all prosedures are completed Singapore Mediation Convention entered into force in Turkey on 11 April 2022.