The quality and predictability of the legal environment is essential for a country to catch the attention of users of arbitration services. As a result, jurisdictions use their legal regimes to compete for international arbitration proceedings. Governments strive to adjust and improve their legal frameworks aiming for simplicity, flexibility, and pragmatism. The adoption of a new arbitration law is seen as a 'marketing strategy' intended to send a signalling effect to the international arbitration community of the user friendliness of a certain legal system. The UNCITRAL Model Law on International Commercial Arbitration has played a decisive role in this process. This legal instrument was purposely conceived to assist states in reforming and modernising their laws on arbitral procedure so as to take into consideration the specific features and needs of international commercial arbitration. It was promulgated in 1985 and revised in 2006 to better adjust to international practices.