UAE joins Singapore convention to boost international trade

UAE joins the Singapore Convention to coordinate international trade investment and promote mediation to settle cross-border commercial disputes. The UAE will become the 56th signatory to the Singapore Convention, with the support of the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC), Ministry of Justice (MoJ), and Abu Dhabi Global Market (ADGM). The UAE will begin implementing a system to reinforce settlement agreements by mediating international commercial disputes. The Singapore Convention will offer the UAE a uniform and efficient framework to enforce agreement terms in other jurisdictions, as announced during ADGM's inaugural dispute resolution forum, RESOLVE 2022. BKM/ Expat Media
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