On 28 November 2024, the UNIDROIT Asian Transnational Law Centre (ATLC) held the inaugural meeting of its Advisory Committee. Established in 2024 as an initiative under the UNIDROIT Academy, the objectives of the ATLC are to (i) establish a premier legal hub for Asian transnational law at the UNIDROIT Headquarters in Rome, (ii) promote the work of UNIDROIT, UNIDROIT instruments and UNIDROIT projects in Asia; and (iii) strengthen connections between UNIDROIT and relevant academic institutes, legal institutes, regional institutes, law firms and private sector stakeholders in Asia.
The Advisory Committee was established to provide advice to the ATLC in achieving its objectives. The Advisory Committee is composed of UNIDROIT Governing Council representatives, distinguished Asian academics, legal experts, and other relevant stakeholders with significant expertise in UNIDROIT instruments and activities, as appointed by the Secretary-General in consultation with the ATLC Directors, taking into account UNIDROIT Membership and subregional diversity. During its first meeting, the Advisory Committee discussed the ATLC’s Terms of Reference, Strategic Plan 2024 – 2026, 2024 activities and budget, and planned activities for 2025.
The operation of the ATLC and its activities are fully funded by extra-budgetary contributions from interested stakeholders. In May 2024, the UNIDROIT Foundation secured a founding sponsorship agreement with Yingke Law firm to provide the ATLC with funding for the first three years of its operation (2024 – 2026). Learn more about the UNIDROIT Asian Transnational Law Centre here.