Abstract:

Despite its advantages and the potential for use, the mediation method is not a commonly used way to resolve commercial disputes of international nature. In particular, compared to the arbitration method, it appears that the method of mediation is very little used in the resolution of international commercial disputes. The first reason for the parties to dispute to apply to the method of mediation is that the agreements reached after the process are lacking in the capacity to execute. In this context, the Singapore Convention, prepared within the framework of the United Nations Committee on International Trade Law (UNCITRAL), aims to promote mediation for the resolution of international trade disputes and to ensure the implementation of the agreements between the parties as a result of the mediation process. The Agreement, signed by 46 countries including Turkey on 7 August 2019, is expected to enter into force soon.