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Uncitral, Security Rights And The Globalisation Of The Us Article 9, Gerard Mccormack Professor
Uncitral, Security Rights And The Globalisation Of The Us Article 9, Gerard Mccormack Professor
Gerard McCormack
Abstract – “UNCITRAL, Security Rights and the globalisation of the US Article 9” UNCITRAL, the United Nations Commission on International Trade Law, has recently produced a Legislative Guide on more particularly on secured transactions, or secured credit law as it is variously called. The Guide follows the broad contours of Article 9 of the United States Uniform Commercial Code though it is not an exact copy. It aims to harmonise and modernise the law of secured credit across the globe. In UNCITRAL’s view, the Legislative Guide will aid the growth of individual businesses and also in general economic prosperity. Harmonisation …
Universalising The American – Secured Credit And Uncitral, Gerard Mccormack
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 …