NIDROIT: AN OVERVIEW PURPOSE
The International Institute for the Unification of Private Law (Unidroit) is an independent intergovernmental Organisation with its seat in the Villa Aldobrandini in Rome. Its purpose is to modernize, harmonize and co-ordinate private and commercial law and to formulate uniform law instruments, principles and rules to achieve those objectives.
Set up in 1926 as an auxiliary organ of the League of Nations (i.e. the current United Nations- ONU), the Institute was re-established in 1940 on the basis of a multilateral agreement, the Unidroit Statute.
MEMBERSHIP
Membership of Unidroit is restricted to States acceding to the Unidroit Statute. Unidroit's 63 member States from the five continents and represent a variety of different legal, economic and political systems as well as different cultural backgrounds.
STRUCTURE
There are a Secretariat (Secretary-General and two Deputy Secretaries-General appointed by the Governing Council), a Governing Council (appointed by the General Assembly, consisting in twenty-five members and a President; the latter is appointed by the Italian Government) and a General Assembly (consisting of one representative from each Government).
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