Emerging Financial Markets and Secured Transactions: 6 (International Economic Development Law, V. 6) - Hardcover

Most medium and long-term loans are no longer secured by sovereign or governmental guarantees. As a result, lenders must seek security elsewhere. An investor-friendly climate requires a sound legal framework for lenders to effect and enforce secured transactions.

This work collects papers from experts in the field on various aspects of cross-border secured transactions, an issue of increasing import in the development of emerging financial markets and transitional market economies. Topics of particular focus include:

the ERBD model on secured transactions

the UNCITRAL Draft Convention on Assignment in Receivables Financing

the pending UNIDROIT model.

The editors provide an invaluable service in bringing together in a single resource those texts which make a significant contribution to the development of scholarship in this area.

The work emphasises the importance of the development of a modern framework for secured transactions. Academics and practitioners will appreciate the expert contributions and multi-disciplinary approach.

This volume is comprised of a collection of papers dealing with various aspects of cross-border secured transactions, an important issue in the development of emerging financial markets and transitional market economies. A sound legal framework for lenders to effect and enforce secured transactions is called for in order to establish an investor-friendly climate. Special attention is paid to the EBRD Model Law on secured transactions, the UNCITRAL Draft Convention on Assignment in Receivables Financing, and the UNIDROIT model. The papers stress the importance to the transition process of the development of a modern framework for secured transactions.