New York: Officials from Kuwait's Department of Legal Advice and Legislation took part in meetings of the UN Commission on International Trade Law (UNCITRAL) in New York. The meetings, which took place on February 17-19, focused on possible reforms in the settlement of disputes between investors and nations, the Department stated in a communication to KUNA late Wednesday.
According to Kuwait News Agency, the Department officials, attorney Dr. Nouf Al-Mashaan and attorney Humoud Al-Dabbous, exchanged views with other delegates regarding the operation of an advisory center tasked with settling international investment-related disputes. They also engaged in discussions about a multi-party accord concerning the settlement of disputes between investors and countries.
UNCITRAL is the primary legal body of the UN system in the field of international trade law. Its mandate involves removing legal obstacles to international trade by progressively modernizing and harmonizing trade law. It prepares legal texts in various crucial areas such as international commercial dispute settlement, electronic commerce, insolvency, international payments, sale of goods, transport law, procurement, and infrastructure development.
UNCITRAL also provides technical assistance for law reform activities, including helping member states review and assess their law reform needs and draft the legislation required to implement UNCITRAL texts.