Law Commons^™

Universalising The American – Secured Credit And Uncitral, Gerard Mccormack

Gerard McCormack

Abstract - Universalising the American – Secured Credit and UNCITRAL This paper turns the spotlight on harmonisation and modernisation of secured credit law. The whole harmonization and modernization agenda appears to be driven by a desire to remove restrictions on the taking of security. This is because of a widespread belief that a “liberal” secured transactions regime promotes economic growth by widening the availability of credit. But the agenda also has its critics. The law of secured finance embodies cultural attitudes and public policy choices that vary greatly among States. Changes to legal doctrine often mirror changes that have taken …