Un Convention On International Settlement Agreements Wikipedia

Article 4(1) lays down certain formalities which must be completed before legal protection can be granted on the basis of a settlement agreement. The terms are as follows: (a) the settlement agreement must be signed by the parties; and (b) it must be demonstrated that the settlement agreement is mediated. The concept of mediation is not new, even with regard to national disputes. Overall, mediation is a process in which the parties attempt to resolve a dispute with the help of a neutral third party who acts as a mediator. The Mediator does not have the power to impose a decision on the parties and only serves to help them find a mutually acceptable solution. However, the use of mediation at the international level has not been as important as might be expected. The way in which these grounds are used will be of considerable interest, given the absence of a generally recognised procedure and the unique procedures often linked to mediation (e.g. B when a mediator often has private interviews with each of the parties. In order to ensure that these reasons are not too widespread, a causal link between the behaviour or secrecy and the entry in the comparison has been added, which is a relatively high reference. The Convention and any reservations thereto shall apply prospectively to settlement agreements concluded in respect of the Party concerned after the entry into force of the Convention in accordance with Article 9. Article 5 of the Convention lays down the grounds on which a court may, at the request of the party to the dispute against whom it is invoked, refuse to grant an appeal.

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