Article: Trade Law Commission adopts model law on international commercial arbitration.

Trade Law Commission adopts model law on international commercial arbitration

The United Nations Commission on International Trade Law (UNCITRAL) on 21 June adopted a model law on international commercial arbitration.

Legal experts from 72 countries and international organizations, participated in the three-week meeting (3-21 June, Vienna), during which the Commission also considered legal obstacles to the use of automatic data processing, a draft legal guide on electronic funds transfers, a draft convention on international bills of exchange and promissory notes, a legal guide to drawing up international construction contracts for large industrial ...

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