UNCITRAL -- With a Special Glance Model Law and Arbitration

Abstract

Development and intensification of trade relations in the world has raised the need for adequate regulation and the establishment of international legal standards in this area. This reason send to the establishment of the United Nations Commission on International Trade Law -- UNCITRAL. This committee has a mandate to reduce legal barriers in international trade, and the modernization and harmonization of laws in this area. In this paper we addressed the role of UNCITRAL, namely Model Law on International Commercial Arbitration issued in 1985, a law that has affected the legal unification in the field of arbitration, and facilitation of trade disputes through arbitration, as one of the forms alternative commercial dispute resolution. In this paper we also handle arbitration, where we have included the history and the notion of arbitration in the international context, the legal resources of this institution and the agreement for arbitration.