Singapore ratifies the Hague Convention on Choice of Court Agreements

Singapore ratified the Hague Convention on Choice of Court Agreements with the aim to bolster it’s position as a dispute resolution hub in Asia. The Convention will come into force for Singapore on 1 October 2016. The Convention’s two basic aims are the enforcement of exclusive choice of court agreements in favor of courts of Contracting States and the recognition and enforcement of judgments rendered by the chosen Court in Contracting States. Singapore follows Mexico and the European Union who have both ratified/acceded to the Convention.  The United States signed the Convention on 19 January 2009 signalling an interest to ratify the Convention in the future. The Convention came into force on 1 October 2015.

See the press release: Link