LLM student at Christ University, India.
The main purpose of UNCITRAL model law is to provide the national legislations a set of internationally accepted rules. This helps the nations create a more secure legal environment, most of the national laws are outdated and do not include laws related to ecommerce. Unsatisfactory legislation at national level creates obstacle for the nation while doing trade at international level, and may have an adverse effect on the economy. But proper laws help the nations to decrease legal obstacle and legal predictability. The main objectives of this model are to have modern ways of communication through electronic means and to have a national set of rules on how they can remove barriers and secure a legal environment for trade.
Research Paper
International Journal of Law Management and Humanities, Volume 5, Issue 1, Page 1035 - 1039
DOI: https://doij.org/10.10000/IJLMH.112623This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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