The International Institute for the Unification of Private Law (UNIDROIT) Statute

General Detail

General Information

  1. Type: Convention
  2. Date of signature:
  3. Place of signature: Rome, Italy
  4. Depositary:
  5. Date of entry into force: 21/04/1940

Category

Institutional Participation

Sub category

International Trade Law

Groups

UNIDROIT

What is it about?

The International Institute for the Unification of Private Law (UNIDROIT) is an Intergovernmental Organisation based in Rome. Its purpose is to study needs and methods for modernising, harmonising and co-ordinating private law – both civil and commercial – between States and groups of States. UNIDROIT is composed of a Secretariat, a Governing Council and a General Assembly. The Secretariat carries out feasibility studies and preliminary comparative law reports on topics included in the UNIDROIT's Work Programme. Reports are then submitted to the Governing Council that – where appropriate – will ask the Secretariat to convene a study group of governmental experts for the preparation of a preliminary draft Convention or an alternative legal instrument. Draft Conventions are analysed by the Governing Council for approval. Where it judges that a draft Convention reflects a consensus as between the States which have participated in the study committee, the Governing Council calls for a diplomatic Conference for its adoption. The uniform rules drawn up by UNIDROIT have traditionally taken the form of international Conventions, designed to apply to a State’s municipal law upon completion of all the formal requirements of that State’s domestic law for their entry into force. Alternative forms of unification – such as model laws and legal guides – are adopted by UNIDROIT in areas where a binding instrument is not considered to be essential.

Why is it relevant?

By adhering to UNIDROIT, States can participate in the process of drafting and adopting multilateral trade treaties, model laws and legal guides in the field of commercial law. Full participation in UNIDROIT committees of governmental experts is only open to representatives of UNIDROIT member States. Where commercial transactions tend to be transnational by their very nature, harmonised rules and widely accepted legal solutions help international trade. UNIDROIT's basic statutory objective is to prepare modern and harmonised uniform rules of private law. UNIDROIT is mainly concerned with substantive rules of law, in important commercial areas such as the international sale of goods, international contracts, international financial leasing, international factoring, etc.

Additional Information

The Secretariat may invite other States, International Organisations and professional associations to participate in UNIDROIT committees of governmental experts as observers, in light of the subject matter concerned. In addition, UNIDROIT maintains close ties with International Organisations, both intergovernmental and non-governmental, which in many cases take the form of co-operation agreements concluded at inter-Secretariat level.

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Country ratifications
CountryRatification date
Argentina05/04/1972
Australia20/03/1973
Austria09/08/1948
Belgium20/04/1940
Bolivia (Plurinational State of)22/04/1940
Brazil18/06/1940
Bulgaria22/06/1940
Canada02/03/1968
Chile02/05/1951
China01/01/1986
Colombia19/04/1940
Croatia01/01/1996
Cuba14/10/1940
Cyprus01/01/1999
Czech Republic13/01/1993
Denmark17/06/1940
Egypt22/11/1951
Estonia10/12/2001
Finland19/04/1940
France09/08/1948
Germany24/04/1940
Greece20/04/1940
Holy See19/04/1945
Hungary20/04/1940
India26/09/1950
Indonesia01/01/2009
Iran04/04/1951
Iraq03/05/1973
Ireland16/04/1940
Israel05/04/1954
Italy20/04/1940
Japan01/01/1954
Latvia01/01/2006
Lithuania06/12/2006
Luxembourg09/10/1951
Malta05/06/1970
Mexico06/05/1940
Netherlands11/04/1940
Nicaragua20/04/1940
Nigeria29/10/1964
Norway13/07/1951
Pakistan30/05/1964
Paraguay02/05/1940
Poland01/01/1979
Portugal16/05/1949
Republic of Korea01/01/1981
Romania19/04/1940
Russian Federation01/01/1990
San Marino03/02/1945
Saudi Arabia01/01/2009
Serbia13/04/2001
Slovakia13/01/1993
Slovenia30/01/1995
South Africa27/04/1971
Spain09/04/1940
Sweden11/04/1940
Switzerland20/04/1940
Tunisia01/01/1980
Turkey15/03/1950
United Kingdom24/09/1948
United States of America13/03/1964
Uruguay20/04/1940
Venezuela09/05/1940
Treaties analysis
YearRatifications
194024
19452
19483
19491
19502
19515
19542
19643
19681
19701
19711
19721
19732
19791
19801
19811
19863
19901
19932
19951
19961
19991
20012
20062
20092
Total66
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