The UAE will join the Singapore Convention on Mediation. It aims to help facilitate international trade and investment and promote mediation as a means of resolving cross-border commercial disputes.
They will become the 56th signatory to the Convention.
The announcement was made at the Abu Dhabi Global Market’s dispute resolution forum, RESOLVE 2022.
The Convention will provide the UAE with a uniform and efficient mechanism to enforce the terms of agreements in other jurisdictions similar to the New York Convention on the Recognition and Enforcement of Arbitral Awards does for international arbitral awards.
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