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U.N. approves model conciliation law
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The United Nations General Assembly has wrapped up three years of work on a new model law that establishes procedures and confidentiality protections for international commercial conciliation proceedings.
The Model Law on International Commercial Conciliation is designed to serve as a template for U.N. member states to develop their own conciliation laws, or as a supplement to existing laws in countries that have them. The General Assembly's approval constitutes a formal recommendation that member states adopt the model law.
Conciliation is the international equivalent of mediation, and the ...
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