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IBL Breakfast Features UNCITRAL Official
Jernej Sekolec Addresses International Commerce Law

Feb. 15, 2008 – Brooklyn Law School continued its Breakfast Roundtable series with Jernej Sekolec, Secretary of UNCITRAL, on Jan. 31 at the Harvard Club. Sekolec’s talk, which was hosted by the Dennis J. Block Center for the Study of International Business Law, addressed the emerging law of international commerce.

BLS Professors Roberta Karmel and Neil Cohen introduced Sekolec at the well-attended breakfast. He began by providing an overview of the evolution of international commercial and trade law, then discussed the convergence of domestic and international trade law. As it is increasingly difficult to distinguish between the two, he said, it is essential to promote a sound body of modern, harmonized trade law. Historically, legal scholars pushed for uniformity of international commercial and trade law; however, since global uniformity is impractical, scholars now focus on promoting stabilization of the rule of law, he noted.

Sekolec argued that countries should develop a stable body of commercial law as an important international trade law reform measure. Doing so would protect prospective merchants and promote international commerce and trade, he said, adding that it is essential that trade law be fair to both the merchant and consumer. Sekolec illustrated the challenges presented by deficient commercial law by discussing problems faced by former Soviet Union states, such as Belarus. When adopting a new legal system, he said, countries must adopt complementary approaches to the different areas of commercial law.

UNCITRAL, a United Nations commission with 60 member states, promotes the modernization and harmonization of international trade law. The General Assembly elects member states for six-year terms, and they represent the world’s various geographic regions and its principal economic and legal systems.

The Center’s next Breakfast Roundtable is scheduled for Feb. 25 at the New York Stock Exchange and will feature Crispin Waymouth, First Secretary for the Delegation of the European Commission to the United States.

By Todd Batson ’09

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This page last modified on: February 15, 2008.