TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Time for Indonesia to join Singapore convention on mediation

  • Kohe Hasan and Mohamed Fadhil

    -

PREMIUM
Singapore   /   Mon, August 12, 2019   /  10:17 am
Time for Indonesia to join Singapore convention on mediation Singapore's Marina Bay skyline, illuminated at night, Feb 18. (The Straits Times/ANN/-)

The Singapore Convention on Mediation (the Singapore Convention), an international trade dispute resolution treaty, opened for signature in Singapore on Aug. 7, and saw 46 signatories, which represents the highest-ever number of first-day signatories of a United Nations trade convention. Indonesia, unfortunately, was not one of the 46 signatories. The signing and ratification of the Singapore Convention marks a milestone in the development of mediation practice and brings countries closer to a tipping point — the moment when a smoother path is paved for international trade and commerce with the backing of a mature, rule-based dispute resolution framework. There are multiple benefits from being a signatory to the Singapore Convention. For Indonesia, it would represent an opportunity to elevate its standing as a viable business destination for foreign investors and businesses. ...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.