-64-E.Consideration ofthedraftarticles bytheDrafting Group 331.Afterconsideration oftheindividual articles ofthedraftmodellawbythe Commission, theyweresubmitted totheDrafting Groupforimplementation ofthe decisions takenbytheCommission andrevision toensureconsistency withinthe textandbetween language versions. Inthefinalversion, allarticle numbers were maintained withthefollowing exceptions: article 2(e)wasplacedinaseparate article, numbered asarticle 3,article 14biswas incorporated intoarticle 14as itsparagraph (2),article 18 was renumbered asarticle 17,andarticle 19 (3) was placedinaseparate article, numbered asarticle 18. F.Adoption oftheModelLaw 332.TheCommission, afterconsideration ofthetextofthedraftmodellawas revised bytheDrafting Group,atits333rdmeeting on 21June1985decided to adopttheUNCITRAL ModelLawonInternational Commercial Arbitration asitappears inAnne~Itothisreport. 333.TheCommission invited theGeneral Assembly torecommend toStatesthatthey shouldconsider theModelLawwhentheyenactorrevisetheirlawstomeetthe current needsofinternational commercial arbitration andtorequest the Secretary-General tosendthetextoftheModelLaw,together withthetravaux preparatoires fromthecurrent session oftheCommission, toGOvernments andto arbitral institutions andotherinterested bodiessuchaschambers ofcommerce. -65-CHAPTER 111 INTERNATIONAL PAYMENTS .A.DraftConvention onInternational BillsofExchange and International Promissory Notes2/ 334.TheUnitedNations Commission onInternational TradeLaw,atitsseventeenth session in1984,considered thedraftConvention onInternational BillsofExchange andInternational Promissory Notesasprepared bytheWorking Groupon International Negotiable Instruments andcontained indocument A/CN.9/211. As regards itsfuturecourseofaction, theCommission decided thatfurther work should beundertaken withaviewtoimproving thedraftConvention andentrusted thatworktotheWorking GrouponInternational Negotiable Instruments. 10/ 335.Themandate oftheWorking GroupwastorevisethedraftConvention on International BillsofExchange andInternational Promissory Notesinthelightof decisions anddiscussion attheseventeenth session oftheCOmmission, 11/andalso takingintoaccount thosecomments ofGovernments andinternational organizations indocuments A/CN.9/248 andA/CN.9/249/Add.l whichwerenotdiscussed atthat session. 336.TheCommission, atitscurrent session, hadbeforeitthereportofthe Working Groupontheworkofitsthirteenth session, heldinNewYorkfrom7to 18January 1985(A/eN.9/261). TheCommission agreedthat,inthelightofthe progress madeinsolving themajorcontroversial issues, namelytheconcepts of holder andprotected holder, theeffectofforgedendorsements andtheliability of thetransferor bymeredelivery orbyendorsement, itwasreasonable torequest the Working Grouptocomplete theconsideration ofthemajorcontroversial issuesand, totheextentpossible, theremaining issues, withaviewtosubmitting adraftto theCOmmission inaformsuitable forconsideration atitsnineteenth session. 337.However, inviewofthefactthattheWorking Groupmightnothavesufficient timetoreformulate thedraftinsuchaforminonesession planned for9to 20December 1985,theCOmmission alsoagreedthattheWorking Groupmightholdan additional session inFebruary orMarch1986,ormightcomplete itsmandate by otherappropriate means. 338.Itwassuggested thatwhentheCOmmission, atitsnineteenth session, considers thedraftConvention, whichwouldhavebeenprepared bytheWorking Group towhichallmemberStatesoftheCOmmission wereinvited, aswereallotherStates andinterested international organizations, there-examination ofissuesthathad beenthoroughly discussed should bediscouraged unlesstherewasevidently substantial groundforsuchare-examination. B.Electronic fundstransfers 12/ 339.TheCommission, atitsfifteenth session in1982,hadbeforeitareportof theSecretary-General whichconsidered several legalproblems arising outof electronic fundstransfers (A/CN.9/221). Inthelightofthoselegalproblems, the reportsuggested that,asafirststep,theCOmmission shouldprepare aguideon thelegalproblems arising outofelectronic fundstransfers. Theguide,itwas -66-suggested, should beoriented towards providing guidance forlegislators orlawyers preparing therulesgoverning particular systems forsuchfundstransfers.
**Analysis**
The text appears to be related to international trade and economic development, as it discusses the adoption of a model law on international commercial arbitration and the consideration of a draft convention on international bills of exchange and international promissory notes. Additionally, it touches on the topic of electronic fund transfers, which is a key aspect of international finance and trade.

**Category**
International trade, Industry