Abstrakt
In this article, the author will explore the potential of the United Nations Convention on International Settlement Agreements Resulting from Mediation, also known as the "Singapore Convention on Mediation" in reaching its desired goal - becoming an essential instrument in the facilitation of international trade and support the wide recognition of mediation as an international and domestic commercial dispute resolution practice. Hence becoming what was and still isthe United Nations Convention of 10 June 1958 on the Recognition and Enforcement of Foreign Arbitral Awards for the international trade arbitration.
Through the analysis of the history and current state of the Singapore Convention, its guiding provisions, and their correlation with the basic principles of mediation, the author will evaluate the utilization and legitimacy of international business mediation in cross-border disputes after the Singapore Convention.