UNCITRAL Model Law

The UNCITRAL Model Law on International Commercial Arbitration is a set of recommended legal guidelines developed by the United Nations to help countries create their own arbitration laws. It aims to provide a fair and efficient process for resolving international business disputes outside of traditional courts. By establishing standardized procedures, the Model Law promotes consistency, security, and predictability in arbitration, making it easier for businesses from different countries to settle their disagreements amicably, thereby encouraging international trade and investment. Countries can adopt or adapt this model to align with their legal systems and commercial needs.