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Pros and cons of the draft UNCITRAL model law for secured transactions

Pros and cons of the draft UNCITRAL model law for secured transactions
Published on: 03 February 2015
Published by: LexisPSL
  • Pros and cons of the draft UNCITRAL model law for secured transactions
  • What is the current status of the new draft model law from UNCITRAL on secured transactions?
  • What would the draft model law apply to and what are the exclusions?
  • What are the key provisions of the draft?
  • What would be the legal effect of the model law if adopted by UNCITRAL?
  • Which draft provisions are likely to concern UK banking, and restructuring and insolvency lawyers?
  • How would the model law interact with the current proposals in the Small Business Enterprise and Employment (SBEE) Bill providing that a ban on assignment clauses has no effect?
  • What are the next steps regarding the drafting of the model law?

Article summary

Banking & Finance analysis: What next for secured transactions? Dr Magda Raczynska, law lecturer at University of Bristol Law School and a member of the Steering Committee of the Secured Transactions Law Reform Project, comments on the draft UNICTRAL model law on secured transactions. or take a trial to read the full analysis.

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