United Nations Commission on International Trade Law


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United Nations Commission on International Trade Law

Also called UNCITRAL. An organization under the United Nations that was established to promote international trade by standardizing regulations to promote predictability in trade. Among other activities, UNCITRAL prepares model laws for member states to implement and coordinates with other bodies that work in the same field. It was established in 1966.
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The United Nations Commission on International Trade Law has taken on the challenge to help countries in their law reform efforts with this important Model Law.
The center will carry out this process with an experienced administrative staff providing service under the Arbitration Rules of the United Nations Commission on International Trade Law (UNCITRAL) and a blue ribbon panel of commercial arbitrators and mediators, also to be named.
The Jakarta proceedings violate both the spirit and the letter of Pertamina's contractual agreements with KBC, as well as the Arbitral Rules of the United Nations Commission on International Trade Law (UNICTRAL Rules), the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, which Indonesia signed in 1981, and a U.
The contempt finding stems from a December 2000 award to Karaha Bodas Company by arbitrators in Switzerland working under United Nations Commission on International Trade Law rules.
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