Israel ratifies the United Nations Convention on International Settlement Agreements Resulting from Mediation

UNIS/L/368
10 January 2025

Israel ratifies the United Nations Convention on International Settlement Agreements Resulting from Mediation

VIENNA, 10 January (UN Information Service) - With the deposit of the instrument of ratification at the UN Headquarters in New York, Israel becomes the fifteenth State Party to the United Nations Convention on International Settlement Agreements Resulting from Mediation, also known as the "Singapore Convention on Mediation". The ratification by Israel was effected on 8 January 2025, and the Convention will enter into force for Israel on 8 July 2025. In ratifying the Convention, Israel made a reservation in accordance with article 8(1)(b) of the Convention.

The Singapore Convention on Mediation facilitates international trade and promotes mediation as an alternative and effective method of resolving commercial disputes by providing a harmonized legal framework for the right to invoke international settlement agreements resulting from mediation as well as for their enforcement.

The Convention is open for signature, ratification, acceptance, approval or accession by States and regional economic integration organizations. In total, fifty-seven States have signed the Convention since it opened for signature on 7 August 2019. Up-to-date information on the Convention and its status is available on the UNCITRAL website: https://uncitral.un.org/.

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The United Nations Commission on International Trade Law (UNCITRAL) is the core legal body of the United Nations system in the field of international trade law. Its mandate is to remove legal obstacles to international trade by progressively modernizing and harmonizing trade law. It prepares legal texts in a number of key areas such as international commercial dispute settlement, electronic commerce, insolvency, international payments, sale of goods, transport law, procurement and infrastructure development.

UNCITRAL also provides technical assistance to law reform activities, including assisting Member States to review and assess their law reform needs and to draft the legislation required to implement UNCITRAL texts. The UNCITRAL secretariat is located in Vienna, Austria. For more information, visit: uncitral.un.org

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For information, please contact:

Samira Musayeva
Senior Legal Officer, Head, Non-Legislative Section
UNCITRAL secretariat
Email: [email protected]