International business transactions



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OUTLINE International Business Transactions
UNCITRAL Model Law

  • The UNCITRAL Model Law offers what may be considered a sensible regulation of court measures in connection with international commercial arbitration. Its Article 5 provides:

  • Then the Model Law provides for court intervention in the following instances:

  • You should not assume that domestic laws follow the UNCITRAL Model Law.

  • In conclusion, there is great variation in the domestic legal regulation of court measures within the framework of the New York Convention. You should study that regulation as well as the court practice of the relevant jurisdiction in order to determine the likelihood of courts taking a certain measure.


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