NEWSLETTER-2019-metin

372 NEWSLETTER 2019 CITRAL amended the pre-existing UN Model Law on International Commercial Conciliation (2002) (“Model Law”). With the amend- ments, a new section on international settlement agreements and their enforcement has been added 8 and the Model Law has been renamed. The Model Law and the Singapore Convention are designed to com- plement each other. The Singapore Convention is welcomed by parties that are inclined to use mediation as a dispute resolution mechanism. 8 https://uncitral.un.org/en/texts/mediation/modellaw/commercial_conciliation.