On 10-12 May 2023, UNIDROIT hosted the 102nd session of the Governing Council (GC), opened and chaired by UNIDROIT and GC President Prof. Maria Chiara Malaguti. Prof. Arthur Hartkamp (Doyen) and Dr Jorge Sánchez Cordero were appointed as first and second Vice Presidents of the Governing Council, respectively, for 2023-2024.
The Governing Council expressed its appreciation to the Secretariat staff for its dedication and extensive work in 2022 and the first months of 2023, as well as for the excellent results achieved. Note was taken and gratitude was expressed for the activities undertaken by the UNIDROIT Foundation.
Two new instruments were adopted during the 102nd session of the Council: the Model Law on Factoring, and the Principles on Digital Assets and Private Law. Furthermore, the GC approved the first full draft of the Model Law on Warehouse Receipts, and accorded to send it to UNCITRAL for state negotiations. The GC agreed to endorse the commencement of work on a guide to enactment for the Model Law on Factoring and the Model Law on Warehouse Receipts. Moreover, the Council approved a proposal for joint work with the Hague Conference on Private International Law (HCCH) on Law Applicable to Cross-Border Holdings and Transfers of Digital Assets and Tokens.

GC members received updates on five ongoing legislative activities carried over from the 2020-2022 Work Programme, including the projects on Best Practices for Effective Enforcement, Bank Insolvency, Legal Structures of Agricultural Enterprises, Private Art Collections, and Principles of Reinsurance Contract Law. The GC was briefed on the activities that had been conducted to kickstart two new high-priority projects included in the 2023-2025 Work Programme: the UNIDROIT Principles of International Commercial Contracts and Investment Contracts and Legal nature of Voluntary Carbon Credits.
Regarding UNIDROIT’s treaties, the Council was provided with an update on the implementation and status of the Cape Town Convention and its four Protocols (Aircraft, Rail, Space, and Mining, Agriculture and Construction – MAC). Concerning the MAC Protocol, the Council gave its approval for UNIDROIT to perform the role of Supervisory Authority of the International Registry and transmitted the matter to the UNIDROIT General Assembly for further consideration. A detailed update was also given on the implementation and status of the 1995 Convention for the International Protection of Cultural Property.
In matters pertaining to the Institute’s promotion strategy, the Council received an update on the activities planned for the dissemination of the UNIDROIT Principles of International Commercial Contracts (UPICC) and the UNIDROIT/FAO/IFAD Legal Guide on Contract Farming. The Secretariat also informed the Council about the creation of a separate section on the UNIDROIT website dedicated to its Correspondents, which number over one hundred. The members of the Governing Council were informed of all the activities of the UNIDROIT Academy, as well as of the communications strategy and social media outreach.
Concerning institutional matters, the GC reappointed Professor Ignacio Tirado as Secretary-General of the Institute for a second term for 2023-2028 and agreed with the proposal to establish a Special Committee to update the UNIDROIT Regulations. The Governing Council also considered and drafted the Budget for the 2024 financial year, which will be circulated for comments by Member States.
The Summary Conclusions will be published in due course.




Professor Iacopo Donati is the UNIDROIT/Bank of Italy Chair Holder and is mainly responsible for assisting in the Bank Insolvency project. He is Professor of Corporate and Insolvency Law at the University of Siena, and coordinates the research project ‘Pro.Re.Ba.’ (Proportionating rules on bank crisis prevention and management to the case of retail banks), which has received funding from the Italian Ministry of University. He has previously taught corporate law at the University of Venice ‘Ca’ Foscari’, at the University of Florence and at the University of Rome ‘Tor Vergata’.
rtered Institute of Arbitrators (London). He further holds a post-graduate diploma in law from the Kenya School of Law. Allan is also a scholar from the Hague Academy of International Law.


rofessor Ignacio Tirado was appointed Secretary-General by the Governing Council at its 97th session, and officially took office on 27 August 2018. A national of Spain, Professor Tirado (Commercial, Corporate and Insolvency Law, Universidad Autónoma of Madrid, Spain) holds a PhD from the Universities of Bologna and Autónoma de Madrid and an LLM from the University of London. Professor Tirado has been a Senior Legal Consultant at the World Bank’s Legal Vice-Presidency and Financial Sector Practice for more than nine years, having also consulted for the IMF on insolvency related matters as well as for the Asian Development Bank on commercial legal reform.
A Swedish national, Ms Lena Peters grew up in Italy where she attended an English school. In 1978 she took her Juris Kandidatexamen at Stockholm University followed by a Master of Laws from King’s College, London (1979). Since 1985 she has been with UNIDROIT, first as Research Officer, lastly as Principal Legal Officer, her main duties being Secretary to the Working Group for the Preparation of Principles of International Commercial Contracts, Secretary to the Study Group on Franchising, Secretary to the Committee of Governmental Experts on Franchising.She also collaborated on the project for the preparation of the ELI-Unidroit Model European Rules of Civil Procedure. She is currently Managing Editor of the Uniform Law Review and responsible for publications at UNIDROIT.
Marina Schneider is Principal Legal Officer and Treaty Depositary at UNIDROIT. She studied law at the University of Strasbourg (France) and Paris I – Panthéon Sorbonne. She joined the UNIDROIT in 1987 and was involved in the elaboration and French versions of most UNIDROIT instruments since. She is in charge of the 1995 UNIDROIT Convention on Stolen or Illegally Exported Cultural Objects and of the UNESCO-UNIDROIT Model Provisions on State Ownership of Undiscovered Cultural Objects. She is the author of the Explanatory Report of the 1995 Convention and many articles on the Convention and other international instruments in the field. Ms Schneider is also responsible for the project on private collections and for the UNIDROIT Convention Academic Project (UCAP). She is member of the Board of the International Society for Research on Art and Cultural Heritage Law (ISCHAL).
Professor of Commercial Law, Carlos III University of Madrid. Currently, Sir Roy Goode Scholar at UNIDROIT, Rome, 2021-2022. Chair of Excellence 2017-2018 at University of Oxford (Uc3m- Santander Program), affiliated to Harris Manchester College. Previously Distinguished Visiting Professor and fellow of a number of Academic Institutions. Arbitrator of Madrid Court of Arbitration. Member of ELI (European Law Institute) Council and Executive Committee. Member of the Expert Group of the European Commission on Liability and New Technologies and member of the Expert Group of the European Observatory of Platform Economy; the International Academy of Commercial and Consumer Law; the expert group of the Inclusive Global Legal Innovation Platform for Online Dispute Resolution – UNCITRAL and Hong Kong Department of Justice. Expert of the UNIDROIT Study Group on the MAC Protocol of the Cape Town Convention on International Interests. Delegate of Spain to UNIDROIT for the adoption of the Protocol, delegate of Spain in Working Group VI of UNCITRAL on secured transactions and in Working Group IV on Electronic Commerce. Member of UNIDROIT Working Groups on Enforcement and Warehouse Receipts.
William Brydie-Watson is an Australian lawyer who specialises in secured transactions law and private international law. Before joining UNIDROIT, William was a government lawyer in the Private International Law and International Arbitration section of the Australian Attorney-General’s Department, where he worked primarily on treaty negotiation and the implementation of private international law treaties in Australia. At UNIDROIT, he is primarily responsible for the implementation of the Mining, Agriculture and Construction (MAC Protocol) to the 2001 Cape Town Convention on International Interests in Mobile Equipment and the development of a Model Law on Factoring. William also serves as UNIDROIT’s liaison with the Asia Pacific Economic Cooperation (APEC) forum and as manager of the Institute’s Scholarship and Internship Programme. Admitted to practice in New South Wales and the High Court of Australia, he has a Bachelor of Arts (honours), a Bachelor of Laws and a Master of Laws from the Australian National University. William also lectures on International Secured Transactions Law at the Eotvos Lorand Faculty of Law in Budapest.