United Nations Commission on International Trade Law (UNCITRAL) Model Law on International Commercial Conciliation

The UNCITRAL Model Law on International Commercial Conciliation is a framework developed by the United Nations to guide countries in establishing laws for resolving international business disputes through conciliation. Conciliation is a voluntary, informal process where a neutral third party helps parties reach a mutually acceptable agreement. The Model Law aims to promote uniformity and provide clear procedures, encouraging businesses worldwide to use conciliation as an effective alternative to litigation. By fostering cooperation and understanding among different legal systems, it seeks to enhance international trade relationships and reduce legal uncertainties.