United Nations Commission on International Trade Law (UNCITRAL)
 
Any organisation or individual can take this banner and link it to their site or a particular page. As a responsible organisation, our editorial has a definite & clear say in type of ads accepted here.
If you want to share your banner here, email to Datacentre.
We plan to donate 20% of the income through ads here to Kokanipada, development of Bhinar school of tribals , Yamgarwadi school of nomadics , Kai Wamanrao Oka Blood Bank, MBA Foundation

United Nations Commission on International Trade Law (UNCITRAL)

The core legal body of the United Nations system in the field of international trade law. A legal body with universal membership specializing in commercial law reform worldwide for over 40 years, UNCITRAL's business is the modernization and harmonization of rules on international business.

Trade means faster growth, higher living standards, and new opportunities through commerce. In order to increase these opportunities worldwide, UNCITRAL is formulating modern, fair, and harmonized rules on commercial transactions. These include:

  • Conventions, model laws and rules which are acceptable worldwide
  • Legal and legislative guides and recommendations of great practical value
  • Updated information on case law and enactments of uniform commercial law
  • Technical assistance in law reform projects
  • Regional and national seminars on uniform commercial law

Read More

Origin

In an increasingly economically interdependent world, the importance of an improved legal framework for the facilitation of international trade and investment is widely acknowledged. The United Nations Commission on International Trade Law (UNCITRAL), established by the United Nations General Assembly by resolution 2205 (XXI) of 17 December 1966 (see annex I), plays an important role in developing that framework in pursuance of its mandate to further the progressive harmonization and modernization of the law of international trade1 by preparing and promoting the use and adoption of legislative and non-legislative instruments in a number of key areas of commercial law. Those areas include dispute resolution, international contract practices, transport, insolvency, electronic commerce, international payments, secured transactions, procurement and sale of goods. These instruments are negotiated through an international process involving a variety of participants, including member States of UNCITRAL, nonmember States, and invited intergovernmental and non-governmental organizations.
As a result of this inclusive process, these texts are widely accepted as offering solutions appropriate to different legal traditions and to countries at different stages of economic development. In the years since its establishment, UNCITRAL has been recognized as the core legal body of the United Nations system in the field of international trade law

Mandate
The General Assembly gave the Commission the general mandate to further the progressive harmonization and unification of the law of international trade. The Commission has since come to be the core legal body of the United Nations system in the field of international trade law.

Composition
The Commission is composed of sixty member States elected by the General Assembly. Membership is structured so as to be representative of the world's various geographic regions and its principal economic and legal systems. Members of the Commission are elected for terms of six years, the terms of half the members expiring every three years.
Read More

 
Any organisation or individual can take this banner and link it to their site or a particular page. As a responsible organisation, our editorial has a definite & clear say in type of ads accepted here.
If you want to share your banner here, email to Datacentre.
We plan to donate 20% of the income through ads here to Kokanipada, development of Bhinar school of tribals , Yamgarwadi school of nomadics , Kai Wamanrao Oka Blood Bank, MBA Foundation