Recent Changes to the UNCITRAL Rules

Recent legislative developments in the International Arbitration landscape will assist parties in Australia who choose to participate in this area of dispute resolution. Revisions to the UNCITRAL International Arbitration Rules alongside recent domestic legislative developments will deliver a more effective mechanism for cross-border dispute resolution.

The recently introduced International Arbitration Amendment Act 2010 (Cth), which commenced in July this year, draws heavily on the United Nations Commission on International Trade Law (UNCITRAL) Model Law on International Commercial Arbitration. The Act amends the International Arbitration Act 1974 (Cth) and will now provide greater flexibility to parties.