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United NationsGeneral Assembly/CN.9/1064/Add.1 Dist.: General 24 May 2021 Original: EnglishUnited Nations Commission on International Trade Law Fifty fourth session Vienna, 29 June16 July 2021Revised
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01
Review the current legal taxonomy to identify areas that need updates or revisions.
02
Consult with subject matter experts or lawyers to ensure accuracy and completeness of the taxonomy.
03
Update the taxonomy with any new legal terms, definitions, or classifications.
04
Organize the taxonomy in a logical and easily accessible format.
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Review and proofread the revised taxonomy to ensure it is error-free before finalizing.

Who needs revised draft legal taxonomy?

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Government agencies
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Legal researchers and academics
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The revised draft legal taxonomy is a structured framework that categorizes legal information for uniform reporting and analysis, intended to improve clarity and consistency in legal documentation.
Entities such as corporations, nonprofit organizations, and government agencies that are subject to legal reporting standards are required to file the revised draft legal taxonomy.
To fill out the revised draft legal taxonomy, filers must follow the provided guidelines, ensuring accurate categorization of legal information, and complete all required fields using the specified formats.
The purpose of the revised draft legal taxonomy is to enhance the efficiency of legal data management, facilitate better compliance with regulations, and ensure comparability across different entities' legal filings.
Information that must be reported includes entity details, legal obligations, compliance status, and any pertinent legal documents or filings related to regulatory requirements.
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