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UNCITRALUnited Nations Commission On International Trade Law
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"Therefore, since 2012 Qicca has prepared a set of mediation rules inspired from the Uncitral Model Law on International Commercial Conciliation of 2002," Sheikh Dr Thani said.
The Kingdom's participation supports its candidature to the United Nations Commission on International Trade (UNCITRAL) for the term 2022-2028.
He added that the Kingdom is a pioneering country in the application of the provisions of the UNCITRAL Act, following the promulgation of Law No.
A number of legal and other experts spoke at the workshops, including David Carey, legal adviser at the US Department of Commerce and a specialist in commercial law development; Joseph U Schurer, lawyer at Kirkland & Ellis International, based in Chicago; and Jae Sung Lee, a legal expert from UNCITRAL, the legal body of the UN system for international trade law.
In strategic cooperation with the UNCITRAL Secretariat, Bahrain also revised its existing Electronic Transactions Law with new provisions that align with the United Nations Convention on the Use of Electronic Communications in International Contracts and renamed it the Electronic Communications and Transactions Law.
(3) A leading private international law instrument--the UNCITRAL Model Law on Cross-Border Insolvency ("the Model Law" (4))--marked its twentieth anniversary in 2017.
However, the ICSID at least opens what stage a dispute is in, while the UNCITRAL does not disclose its arbitration process.
vast majority of awards in this group: the UNCITRAL arbitration rules and the SCC arbitration rules.
The Federal Arbitration Law is largely based on the UNCITRAL Model Law, which is a positive step for the UAE, as States that adopt the UNCITRAL Model Law are largely perceived as arbitration friendly jurisdictions.
Thought to be imminent since the UAE acceded to the 1958 New York Convention in 2006, the new arbitration law is based on the internationally accepted UNCITRAL Model Law, which has been adopted in 111 jurisdictions across 80 states which are commonly perceived to be arbitration-friendly jurisdictions.
The much-awaited self-standing arbitration law of 61 articles, which is based on the UNCITRAL Model Law, will significantly revamp UAE arbitration law, according to the statement.