This article addresses the future work that needs to be done to conform the law of transnational secured transactions to contemporary and evolving commercial needs and practices. Specifically, the creation of new classes of assets as well as new modes of providing for perfection of these assets need to be incorporated into the existing law of transnational secured transactions. To ground this discussion with the current transnational law of secured transactions law, I will use the UNCITRAL Model Law of Secured Transactions, as it is the prime contemporary example of transnational secured transactions. As with law in general, the Model Law is a product of its time, and future developments in commercial practice need to be accommodated …
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Henry Deeb Gabriel, The future of the transnational law of security rights: the emergence of security rights in electronic data, Uniform Law Review. Published: 1 November 2024.
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