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On January 10, 2024 the Sri Lankan Parliament passed the Recognition and Enforcement of international Settlement Agreements Resulting from Mediation Bill.
The Act seeks to give effect to the United Nations Convention on International Settlement Agreements resulting from Mediation known as the Singapore Convention on Mediation; to make Provisions for the Recognition and Enforcement of International Settlement Agreements; and to provide for matters connected therewith or incidental thereto.
Sri Lanka is now poised to ratify the Convention. In terms of the Convention, it will enter into force in respect of a State six months after ratification.
The Bill can be accessed at http://documents.gov.lk/files/bill/2023/10/389-2023_E.pdf
