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International Institute for the Unification of Private Law (UNIDROIT)

Uma Sekhar from India was elected to UNIDROIT's governing council for the term 2024-2028.

Table of Content

Key Points:

1926: Originally formed in 1926 as part of the League of Nations
1940: re-established after dissolution of the League of Nations
Headquarters: Rome
Nature: An independent, intergovernmental organization.
Purpose: Focuses on studying and modernizing international private and commercial law.
Membership: Limited to states that join the UNIDROIT Statute.
Global Representation: 65 member states from diverse legal, economic, political, and cultural backgrounds across five continents.

Why in News:

Uma Sekhar from India was elected to UNIDROIT’s governing council for the term 2024-2028.