» Secured Transactions

The second topic approved by the General Assembly is Electronic Registry Implementation of the Model Inter-American Law on Secured Transactions – an instrument adopted at CIDIP-VI. To date no Member State has provided specific proposals for this topic. Preliminary discussions, however, have focused on the development of international instruments for regulating three main features of what should be a registry component for the Model Inter-American Law on Secured Transactions: (i) the creation of a uniform Inter-American registration form; (ii) the drafting of registry guidelines for accepting, storing and disseminating electronic registry information; and (iii) the creation of guidelines for the electronic interconnectivity of registries from different jurisdictions for cases in which movable goods have contacts with more than one jurisdiction or for cases in which goods that are moved from one jurisdiction to another.