Emerging Financial Markets and Secured Transactions

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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 the ERBD model on secured transactions the UNCITRAL Draft Convention on Assignment in Receivables Financingthe 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.