Business, Freight News, Logistics, Sea

Lawyers call for UK to sign up to shipping pact

[ August 19, 2019   //   ]

Shipping legal firm Myton Law is calling on the UK to sign up to a new United Nations Convention on the settlement of international commercial disputes through mediation. On 7 August, 46 countries, including the US and China, signed up to the new ‘Singapore Convention’, but the UK and the European Union are notable absentees, says specialist shipping and logistics lawyer John Habergham.  The Convention could come into force in Spring 2020.

He said that a survey by the International Mediation Institute in 2014 showing that 93 per cent of respondents were more likely to engage in mediation with parties from another country if there were a way of enforcing mediation settlement rights. Currently, if settlement of a mediation requires enforcement, this can involve court proceedings in one country which must then be enforced in another jurisdiction, if possible; or arbitration, followed by an arbitral award which then must be enforced in the country where the assets are located.