413 MISCELLANEOUS Singapore Convention and Enforcement of Settlement Agreements in Turkey* Ayca Bengü Köksal Introduction The United Nations Convention on International Settlement Agreements Resulting from Mediation (“Singapore Convention”) was adopted by the United Nations General Assembly on 20 December 2018. It was signed by Turkey on August 7, 2019, when it was opened for signature. Finally, the Presidential Decision dated 21 April 2021 and numbered 3866 on the ratification of the Singapore Convention entered into force after being published in the Official Gazette dated 22 April 2021 and numbered 31462. The Singapore Convention regulates the enforceability of settlement agreements that resolve commercial disputes of an international nature through mediation. In General Mediation, which is one of the alternative dispute resolution methods, strives to provide a faster and more cost-effective solution method than state courts, as in arbitration. However, mediation is not a dispute resolution method that is used as frequently as arbitration. One of the most important reasons for this is that arbitral awards rendered as a result of arbitration proceedings can be easily enforced in other countries according to the 1958 New York Convention; whereas the same facility is not provided for settlement agreements that are reached through mediation.1 The Singapore Convention aims to remove this obstacle to the mediation method and to extend its application. * Article of May, 2021 1 Özel, Sibel: “Arabuluculuk Sonucunda Yapılan Milletlerarası Sulh Anlaşmaları Hakkında Birleşmiş Milletler Sözleşmesi: Singapur Konvansiyonu”, Marmara Üniversitesi Hukuk Fakültesi Hukuk Araştırmaları Dergisi, V. 25, Issue 2, Prof. Dr. Ferit Hakan Baykal Armağanı, December 2019, p. 1191.
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