Projects
Services
Government Bodies
Friday, 22 January 2021
Minsk Overcast sky -2°C
All news
All news
Economy
14 January 2021, 09:33

Singapore Convention on Mediation to enter force in Belarus on 15 January

An archive photo
An archive photo

MINSK, 14 January (BelTA) – The United Nations Convention on International Settlement Agreements Resulting from Mediation (Singapore Convention on Mediation) and respective amendments to national laws will come into force in Belarus on 15 January 2021, BelTA learned from the press service of the Justice Ministry.

This document is meant to formalize the commitment to recognize mediation agreements in the participating states. At the international level, its conclusion and application result in increased competition between the main dispute resolution procedures. It benefits businesses because it provides for compulsory execution of an international mediation agreement in the member states in the manner determined by the convention.

The national legislation underwent some adjustments. The law on mediation was amended to include the definition of ‘ an international mediation agreement' and the procedure for its conclusion. The Economic Procedural Code of Belarus was supplemented with legal norms, including norms on the recognition and execution of international mediation agreements and on the refusal to provide legal assistance in this category of cases.

Subscribe to us
Twitter
Recent news from Belarus