Model Law on International Commercial Arbitration

The Model Law on International Commercial Arbitration is a set of legal guidelines created by the United Nations to help countries standardize how international business disputes are resolved outside courts. It provides clear rules for how arbitration procedures should work, ensuring fairness, efficiency, and consistency across different countries. The law helps parties agree on how to settle disagreements quickly and privately, rather than through lengthy court processes, promoting trust and stability in international trade and investment.