ABA Business Law Section publishes 'Global Financial Collateral'

The American Bar Association Business Law Section has published “Global Financial Collateral: A Guide to Security Interests in Securities, Securities Accounts, and Deposit Accounts in International,” based on a questionnaire that focuses on the choice-of-law complexities and substantive similarities and differences involved in international secured transactions.

Covering more than 40 jurisdictions, this compendium reveals the richness and complexity of commercial law with respect to security interests in financial collateral for international transactions. Members of the Business Law Section Uniform Commercial Code (UCC) Committee’s International Law Subcommittee developed a fact pattern and questionnaire that lawyers from G-20 countries, offshore jurisdictions and other countries in Latin America, Europe and Asia completed. This questionnaire provided a common framework through which variations among jurisdictions could be readily identified, thus facilitating cross-border analysis. In one single volume, the scope of the project includes more than 40 jurisdictions worldwide.

This guidebook is a valuable resource for lawyers working on cross-border secured transactions involving common types of financial collateral, such as directly held certificated securities; directly held un-certificated securities; securities accounts (and securities credited to them); and deposit accounts.

This guidebook is a valuable resource for lawyers working on cross-border secured transactions involving common types of financial collateral, such as directly held certificated securities; directly held un-certificated securities; securities accounts (and securities credited to them); and deposit accounts.


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