- 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?
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.
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