Developments

Treaties Transmitted to the Senate

The President has transmitted the following treaty transmittal packages to the Senate:

  • the Convention on Independent Guarantees and Standby Letters of Credit, on February 19, 2016;
  • the Convention on the Use of Electronic Communications in International Contracts, on February 19, 2016;
  • the Convention on the Assignment of Receivables in International Trade, on February 19, 2016; and
  • the Convention on Transparency in Treaty-Based Investor-State Arbitration, on December 9, 2016.

On December 13, 2017, the Senate Foreign Relations Committee held a hearing to consider the United Nations Convention on the Assignment of Receivables in International Trade. On March 20, 2018, the Senate Foreign Relations Committee decided to report that Convention favorably to the full Senate.

Treaties That Have Recently Entered into Force for the United States

The following private international law treaties have recently entered into force for the United States:

  • the Convention on International Recovery of Child Support and Other Forms of Family Maintenance, on January 1, 2017; and
  • the Convention on the Law Applicable to Certain Rights in Respect of Securities held with an Intermediary, on April 1, 2017.

Instruments Approved by the United Nations Commission on International Trade Law

At its 51st session, in June-July 2018, the United Nations Commission on International Trade Law (UNCITRAL) adopted:

  • a Convention on International Settlement Agreements Resulting from Mediation;
  • Revisions to the Model Law on International Commercial Mediation and International Settlement Agreements Resulting from Mediation;
  • a Legislative Guide on Key Principles of a Business Registry; and
  • a Model Law on Cross-Border Recognition and Enforcement of Insolvency-Related Judgments, with a Guide to Enactment.