The Convention allows any party to a mediated international settlement agreement to seek enforcement before the competent authority of a Member State, regardless of where the settlement agreement was concluded. Once chosen which ratifying State to bring enforcement of the claim, the party that requests relief under the terms of the agreement must provide the authority (i) a settlement agreement signed by the parties, and (ii) evidence that the settlement agreement was a result of mediation.
The enforceability of international settlement agreements has always been an issue for companies and participants in international trade. The Singapore Convention aims to enable the enforcement of cross-border commercial settlements through an efficient, practical, and uniform legal framework.
