UNCITRAL Model Law on International Commercial Arbitration

The UNCITRAL Model Law on International Commercial Arbitration is a framework created to guide countries in developing their own arbitration laws for cross-border business disputes. It promotes fairness, efficiency, and flexibility in resolving conflicts outside of traditional courts. By providing standardized procedures, it helps businesses from different countries understand their rights and obligations. This Model Law seeks to enhance international trade and investment by ensuring that arbitration is a reliable option for resolving disputes amicably and expeditiously, thus fostering trust among global trading partners.