United Nations

Policy & Legal Updates

UAE Approves Accession to Singapore Convention on Mediated Settlements Under Federal Decree

The UAE has issued Federal Decree No. 85 of 2026 approving accession to the United Nations Singapore Convention on Mediation. The convention allows cross-border commercial mediated settlement agreements to be recognized and enforced directly by domestic courts. It enters into force six months after the accession instrument is deposited with the UN, subject to two reservations adopted by the UAE.

Policy & Legal Updates

UAE Approves Accession to Singapore Convention on Mediated Cross-Border Settlements

The United Arab Emirates has issued Federal Decree No. 85 of 2026 approving its accession to the United Nations Convention on International Settlement Agreements Resulting from Mediation. The framework will allow commercial cross-border mediated settlements to be directly enforced by domestic courts without starting fresh litigation. The convention will take effect six months after the deposit of the UAE's instrument of accession with the UN Secretary-General.

Industry News

Oil Prices Rise Above $105 as U.S.-Iran Tensions Threaten Shipping Routes

Brent crude climbed back over $105 a barrel amid warnings of expanding conflict between the United States and Iran. Maritime risks mounted following a fatal commercial ship strike in the Strait of Hormuz and threats to Red Sea energy routes. Diplomatic discussions during the United Nations General Assembly have produced little sign of a peace deal.