Özet:

The signing of the Singapore Convention in 2019 represents a significant international development in the resolution of disputes. For the first time, businesses will benefit from legal certainty surrounding the enforcement of mediation agreements. Such agreements now have the potential to propel in importance alongside arbitration agreements which have typically been the mainstay for commercial dispute settlements. Countries in the Middle East have been among those at the forefront of the ratification process in 2020, cementing their pivotal role in this development. This article argues that countries in Central Asia and the Middle East ought to take the lead in signing the Convention and ratifying it. It is also proposed that there should be a common and robust legislative framework in the countries analysed. By signing the Convention and creating the necessary legal structures for successful implementation, businesses can derive greater legal certainty in the region to the benefit of regional trade.

Anahtar Kelimeler: