UNIDROIT opens Centenary Governing Council session with an International Workshop on Transnational Law and Cooperation of International Organisations

On 25-26 May 2026, UNIDROIT organised an International Workshop on Transnational Law and Cooperation of International Organisations, one of the highlight dates on UNIDROIT’s calendar of the events marking its Centenary, which officially opened on 20 April 2026. Featured as the opening event for the 107th session of the Governing Council, the Workshop involved 24 partner institutions including IFIs, International Organisations, and members of the academic legal community.  All members of the International Partnerships Committee of UNIDROIT’s Centenary and beyond- including the World Bank Group, the IMF, the ADB, the EBRD, FAO, IFAD, APEC, OTIF, AALCO, UNCITRAL, HCCH, IDLO, AALCO, UNESCO, ICCROM, ICOM, ICC, ELI, the ICC, the Aviation Working Group, the Rail Working Group, the Uniform Law Commission of the United State,  Law Reform Institute,  Queen Mary University of London or the University of Cambridge- were represented at the event, which sought to address the different ways in which cooperation and coordination amongst international organisations shape the development and promotion of transnational law. The event sought to celebrate UNIDROIT’s achievements while, more generally, aiming to provide a high-level forum to share the perspectives of international organisations to devise a future strategy to enhance cooperation and coordination by taking stock of over a century of multilateralism in the area of transnational private law.

Opened by the President of UNIDROIT Enzo Moavero Milanesi, Secretary-General Ignacio Tirado, as well as the two Chairs of the International Partnerships Committee Herbert Kronke and José Angelo Estrella Faria, the conference featured a first keynote from Senior Vice President and General Counsel of the World Bank, Chris Stephens, who noted how “Legal fragmentation is a barrier to opportunity, and negatively affects investment, job creation, and development. Our collaboration with UNIDROIT is long-standing and deeply operational.  Over the years, UNIDROIT instruments and principles have guided many, many World Bank-supported reforms,  informed our policy advice to client countries, and strengthened the legal capacity in countries across income levels and regions.” And that “ Perhaps the most visible area of current collaboration is in the evolving landscape of carbon markets, and climate-related finance. As countries and market participants seek to scale both voluntary and compliance in carbon markets, legal questions become central and UNIDROIT’s work on legal characterisation of verified carbon credits has provided a timely and principal foundation for these discussions.”

The first two panels of the workshop then proposed first a discussion on “The ex-ante determination of normative projects in transnational/international organisations” and “A comparative view of standard setting methodologies and ex post implementation analysis”.

At the opening of Day 2,  the General Counsel and Director of the IMF Yan Liu, was invited to deliver a keynote and remarked “I think for 100 years, UNIDROIT has helped shape the legal foundations of global commerce by advancing the harmonization and modernization of private law across jurisdictions.  From its principles of international commercial contracts to its work on secure transactions, insolvency, and more recently, digital assets, UNIDROIT has consistently pushed the frontier of legal development, and I think this work really resonates very deeply with the mandate of the International Monetary Fund. Safeguarding the stability of the international monetary system depends not only on macroeconomic framework, but also on the strength, clarity, and predictability of legal frameworks.”

Following an enlightening fireside chat with Rosa Lastra (Queen Mary University of London) on international standards and how private law could support financial stability, Day 2 of the Workshop went on with 2 panels: one on “Coordination in the production of normative instruments”, and a second on “Horizontal cooperation between international organisations”.

 

 

In a third keynote in the afternoon, the President of the Law Reform Institute Tim Schnabel addressed the topic of coordination among international organisations remarking “The mission of these organizations is vital. Their ability to bring together different legal traditions and draft consensus instruments that actually shape the world and make it a better place, it’s an example that other multilateral organizations should aspire to. And member states owe it to themselves to ensure that the resources they devote to this important work will be used as effectively as possible. And we all, I think, owe it to UNIDROIT to aim for a second century that accomplishes even more than its first one.”

 

 

This keynote was followed by a panel on “Vertical cooperation in the implementation of standards and rules”, and the conclusions of the Conference were presented in a final roundtable chaired by UNIDROIT President Emerita Maria Chiara Malaguti.

UNIDROIT’s Centenary is conceived as a time of reflection, to take stock, and to set the course for the future development of the organisation in the years to come. The outcomes of this event will contribute to the aim of securing an intellectual and institutional infrastructure able to overcome the challenges that multilateral organisations face in this decade, projecting UNIDROIT into the next century. Now, more than ever, as UNIDROIT celebrates over 100 years of uninterrupted activity, it counts on its strong network of partnerships to harness synergies and to better serve its constituency, which currently counts 65 Member States representing over 73% of the global population and over 90% of global nominal Gross Domestic Product (GDP).

Full Programme

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