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Warehouse Receipts In United States Law – Summary For The Pacific-Rim, Drew L. Kershen
Warehouse Receipts In United States Law – Summary For The Pacific-Rim, Drew L. Kershen
Drew L. Kershen
The Second Pacific-Rim Colloquium (January 2015) had its focus on the business structure for warehouses and warehouse receipts and discussions about creating an Electronic Warehouse Receipts (EWR) system, particularly on an “open” or a “closed” system. The Colloquium identified two legal concepts – “negotiable” and “duly negotiated” – as the ultimate goals for a functioning EWR system. However, foundations for an EWR system must be in place before legal concepts can become functionally meaningful.