Public Meeting on Security Interest

Office of the Legal Adviser
June 6, 2017

Department of State Advisory Committee on Private International Law (ACPIL)

A public meeting on security interests was held, under the auspices of the State Department’s Advisory Committee on Private International Law, on June 6, 2017, at the Department of State, Annex 4A, 2430 E Street, NW, Washington DC. The meeting was chaired by a representative of the Office of the Assistant Legal Adviser for Private International Law.

The purpose of the meeting was to obtain the views of concerned stakeholders concerning several matters relating to security interests that will be considered at the upcoming annual session of the UN Commission on International Trade Law (UNCITRAL) including: (1) the draft Guide to Enactment of the UNCITRAL Model Law on Secured Transactions (A/CN.9/914 and Add.1-6); (2) the ICC Uniform Rules for Forfaiting (URF 800) (A/CN.9/919); and (3) a Note by the Secretariat summarizing the results of the Fourth International Colloquium on Secured Transactions concerning possible future work (A/CN.9/913). The meeting also discussed possible future work topics, including: a user’s guide to the UNCITRAL Model Law on Secured Transactions; a substantive text on negotiable documents especially warehouse receipts; access to finance for micro-businesses; intellectual property licensing; alternative dispute resolution in secured transactions; and real estate financing.

No decision was taken. No report was approved.