Need for Modernization Sample Clauses

Need for Modernization. On June 10, 1998, the Commission held a special commemorative New York 17 Convention Day in order to celebrate the 40th anniversary of the Convention. In the aftermath of this event, the UNCITRAL Secretariat presented to the Commis- sion in 1999 a number of possible topics for consideration including the require- ment of written form for arbitration agreements.46 This form requirement was perceived as outdated47 and not in line with international trade practice,48 especially with regard to modern means of communication and electronic commerce.49 Moreover, national courts did not interpret and apply the written form requirement uniformly, leading to legal uncertainty in a number of factual situations.50 In its 32nd session in May/June 1999, the Commission recognized these issues needed to be given a high priority and entrusted Working Group II with the consideration of the form requirement as a priority item.51 Working Group II kept itself busy with this high priority item until late 2005, debating both the means and the substance of the desired modernization back and forth.52