RHTLaw Taylor Wessing’s Founding Member and Senior Consultant, Rajan Menon, was quoted in a TODAY article titled ‘United Nations treaty on cross-border mediation to be named after Singapore’.
The article was first published in TODAY on 21 December 2018.
United Nations treaty on cross-border mediation to be named after Singapore
Date: 21 December 2018
Author: Navene Elangovan
The United Nations has passed a resolution to adopt a new convention on mediation and name it after Singapore.
Commenting on the matter, RHTLaw Taylor Wessing senior consultant Rajan Menon highlighted that the potential for disputes has increased significantly with greater cross-border developments such as new trade arrangements and projects like China’s Belt and Road initiative, which seeks to attract foreign investments.
It has been well-recognised that trying to resolve cross-border disputes through a court process, and then trying to enforce a court judgment in a foreign country can be “a very difficult, costly, challenging and time consuming process fraught with many difficult and technical issues”, he said.
“Mediation is a much simplified process of dispute resolution and the Singapore Convention will… make the process of mediation and the enforcement of a mediated settlement much easier as compared to a court adversorial process and judgment,” he added.
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