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Overview of UNCITRAL

Overview of UNCITRAL

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Exe mba10 uncitral-gbm_sarjeevan_20104006_16-9 Exe mba10 uncitral-gbm_sarjeevan_20104006_16-9 Presentation Transcript

  • Who works out the rules for international trade and decides how payments should be made and disputes are to be settled?
    • “ It is widely accepted that trade creates wealth and is essential to the economic health of the world”
    ?
  • SARJEEVAN SAINBHI 20104006 SPM PDPU Trade Rules: United Nations Commission on International Trade Law
  • UNCITRAL POSITION in UN SYSTEM View slide
  • International Trade As of 2008 View slide
    • Reducing obstacles to international trade
    • 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.
    Objective of UNCITRAL
  • Member States 60 Algeria Argentina Armenia Australia Austria Bahrain Benin Bolivia Botswana Brazil Bulgaria Cameroon Canada Chile China Colombia Czech Republic Egypt Fiji France Gabon Georgia Germany Greece Honduras India Iran Israel Italy Japan Jordan Kenya Latvia Malaysia Malta Mauritius Mexico Morocco Namibia Nigeria Norway Pakistan Paraguay Philippines Poland Republic of Korea Russian Federation Senegal Singapore South Africa Spain Sri Lanka Republic Thailand Turkey Uganda Ukraine UK of Great Britain & Northern Ireland USA Venezuela
  • Working Groups
    • Working Group I – Procurement
    • Working Group II - Arbitration and Conciliation
    • Working Group III - Online Dispute Resolution
    • Working Group IV - Electronic Commerce
    • Working Group V - Insolvency Law
    • Working Group VI - Security Interests
    • Technical Assistance
    • Coordination
    OTHER ACTIVITIES OF UNCITRAL
  • India’s participation in UNCITRAL activities
    • UNCITRAL Model Law on International Commercial Arbitration,
    • New international arbitration rules, 2010
    • Case Law on UNCITRAL Convention on Contracts for The International Sale of Goods
    • Online Dispute Resolution (ODR)
    • Various Regional Workshops by UNCITRAL
  • Ending Note
    • “ Companies doing business across international borders face many of the risks (political, regulatory, natural calamity, credit etc.) as would normally be evident in strictly domestic transactions. International Law bodies like UNCITRAL minimizes or binds this risk”