Sierra Leone officially launched a collateral registry for movable assets on June 12, 2017. The collateral registry will improve access to finance for micro, small and medium enterprises in Sierra Leone. An initiative of the Bank of Sierra Leone, the collateral registry was developed with the support of the World Bank Group and the United Kingdom's Department for International Development (DFID). NatLaw's Dr. Marek Dubovec advised the Bank of Sierra Leone in the design and implementation of the collateral registry, as well as in the drafting of the collateral registry regulations.
The National Law Center for Inter-American Free Trade in conjunction with the International Insolvency Institute and the Organization for the Harmonization of Business Law in Africa organized a 2 day secured transactions coordination conference aimed at advancing coordination in global secured lending reform. Hosted by the University of Pennsylvania Law School, the conference was held on February 9-10, 2017, and brought together several secured transactions, insolvency, and commercial law experts from around the world to discuss the necessity of improved international and regional cooperation in secured credit and insolvency reform.
In advance of the first session of the UNIDROIT Committee of Governmental Experts for the preparation of a draft Protocol to the Convention on International Interests in Mobile Equipment on Matters specific to Agricultural, Construction and Mining Equipment (the “MAC Protocol”), UNIDROIT invited member States and State parties to the Cape Town Convention to attend a half-day symposium to discuss key aspects of the project.
The City of Tucson, Mexico’s Ministry of Economy, and the National Law Center for Inter-American Free Trade participated in a meeting on Monday, December 5th to discuss draft legislation on Electronic Warehouse Receipts
This year at the annual Commercial Finance Association Convention Dr. Dubovec and Dr. Kozolchyk received awards for recognition of their leadership in the development and adoption of modern and effective secured transaction laws.