Bahrain becomes the first nation to implement UNCITRAL Model Law on Electronic Transferable Records

January 15, 2019

 

 

In a global first, Bahrain has enacted the Model Law on Electronic Transferable Records (MLETR), developed by the United Nations Commission on International Trade Law (UNCITRAL). The move is part of a series of sweeping reforms aimed at bolstering the digital readiness of the GGC region’s US$1.5 trillion economy.