UNCITRAL is a subsidiary body of the U.N. General Assembly (UNGA) responsible for helping to facilitate international trade and investment with headquarters in New York City and Vienna
UNCITRAL is a subsidiary body of the U.N. General Assembly (UNGA) responsible for helping to facilitate international trade and investment with headquarters in New York City and Vienna
Established by the UNGA in 1966, UNCITRAL's official mandate is "to promote the progressive harmonization and unification of international trade law" through conventions, model laws, and other instruments that address key areas of commerce, from dispute resolution to the procurement and sale of goods.
UNCITRAL's original membership comprised 29 states, and was expanded to 36 in 1973, and again to 60 in 2004. Member states of UNCITRAL are representing different legal traditions and levels of economic development, as well as different geographic regions. States includes 12 African states, 15 Asian states, 18 European states, 6 Latin American and Caribbean states, and 1 oceanian state. The Commission member States are 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. As at 3 July 2017, the United Nations Commission on International Trade Law will be composed of the following member States:
Africa
Asia
Europe
North America
South America
The methods of work are organized at three levels. The first level is UNCITRAL itself (The Commission), which holds an annual plenary session. The second level is the intergovernmental working groups which is developing the topics on UNCITRAL's work program. Texts designed to simplify trade transactions and reduce associated costs are developed by working groups comprising all member States of UNCITRAL, which meet once or twice per year. Non-member States and interested international and regional organizations are also invited and can actively contribute to the work since decisions are taken by consensus, not by vote. Draft texts completed by these working groups are submitted to UNCITRAL for finalization and adoption at its annual session. The International Trade Law Division of the United Nations Office of Legal Affairs provides substantive secretariat services to UNCITRAL, such as conducting research and preparing studies and drafts. This is the third level, which assists the other two in the preparation and conduct of their work.
UNCITRAL is
Conventions
A convention is an agreement among participating states establishing obligations binding upon those States that ratify or accede to it. A convention is designed to unify law by establishing binding legal obligations. To become a party to a convention, States are required formally to deposit a binding instrument of ratification or accession with the depository. The entry into force of a convention is usually dependent upon the deposit of a minimum number of instruments of ratification.
UNCITRAL conventions are as follows:
Model laws
Model laws are legislative text that is recommended to States for enactment as part of their national laws. Model laws are generally finalized and adapted by UNCITRAL, at its annual session, while conventions requires the convening of a diplomatic conference.
UNCITRAL Model Law on International Commercial Arbitration (1985)
UNCITRAL Model Law on International Credit Transfers (1992)
UNCITRAL Model Law on Procurement of Goods, Construction and Services (1994)
UNCITRAL Model Law on Electronic Commerce (1996)
UNCITRAL Model Law on Cross-Border Insolvency (1997)
UNCITRAL Model Law on Electronic Signatures (2001)
UNCITRAL Model Law on International Commercial Conciliation (2002) (text)
Model Legislative Provisions on Privately Financed Infrastructure Projects (2003)
UNCITRAL Model Law on Secured Transactions (2016)
UNCITRAL Model Law on Electronic Transferable Records (2017)
UNCITRAL Model Law on the Recognition and Enforcement of Insolvency-Related Judgments (2018)
UNCITRAL Model Legislative Provisions on Public-Private Partnerships (2020)
UNCITRAL also drafted the:
UNCITRAL Arbitration Rules (1976) —revised rules are effective August 15, 2010; pre-released, July 12, 2010
UNCITRAL Conciliation Rules (1980)
UNCITRAL Arbitration Rules (1982)
UNCITRAL Notes on Organizing Arbitral Proceedings (1996)
1966
UNCITRAL was established by the UNGA.
UNCITRAL is a subsidiary body of the U.N. General Assembly (UNGA) responsible for helping to facilitate international trade and investment with headquarters in New York City and Vienna