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Ambassador’s Statement for the UNIDROIT Special Session on 90th Anniversary at Rome

Posted on: May 03, 2016 | Back | Print

Ambassador’s Statement
for the UNIDROIT Special Session on 90 th Anniversary at Rome

Allow me to take this opportunity to congratulate the Organizers of the internationalsymposium to commemorate the 90 th year of the International Institute for theUnification of Private Law (UNIDROIT) which was established in 1926. As amember of the Institute, India attaches great importance to the work of UNIDROIT.

The Institute’s primary aim is to coordinate and harmonize the private law of Statesand to prepare for the gradual adoption by States of uniform rules of private law. Inthis regard, the Institute has succeeded in its principal sphere of activities in thepreparation of uniform law rules.

We are aware that since its inception, the Institute has prepared over eighty oddstudies and drafts, principally relating to the law of sale and kindred matters, the lawof documentary credits, carriage of goods and passengers by sea, air and road, civilliability, the law of procedure and the tourist trade.

Diplomatic Conferences have adopted several Conventions drafted by the Institute,such as the 1964 Hague Convention relating to the uniform law on the InternationalSale of Goods; the Brussels Convention on the Travel Contract (1970); the GenevaConvention on Agency in the International Sale of Goods (1983); the UNIDROITConventions on International Factoring and on International Financial Leasing(Ottawa, 1988); and the UNIDROIT Convention on Stolen or Illegally ExportedCultural Objects (Rome, 1995); Convention on International Interests in MobileEquipment (2001) and its three Protocols covering Air, Rail and Space.

It is also worth mentioning that UNIDROIT has adopted the “Principles ofInternational Commercial Contracts” which is a non-legislative means of unificationor harmonization of law.

We are hopeful that the achievement of the objective of unification of private lawwould continue also through other means such as research activities and strengtheningthe capacity building programmes by taking into specific consideration of thedeveloping countries needs on a wide range of private law issues.

With these few words, we would once again affirm our support to the Institute in allits endeavours towards ensuring unification and harmonization of private law for thebenefit of its member States.

I wish the Symposium all the success.
Thank you all.