The Convention was signed into force in Singapore on Saturday. Photo by Shutterstock Market Hails UN Convention on Mediation a 'Milestone' in International Disputes
The "significant milestone" involves 53 signatories, including the U.S., but notably excludes the EU, Australia and the U.K.
September 14, 2020 at 05:11 AM
6 minute read
The Singapore Convention on Mediation, also known as the United Nations (UN) Convention on International Settlement Agreements Resulting from Mediation, has taken effect.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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