Secured Transactions

Inter-organizational Collaboration

Secured transactions reform is a complex process that requires the support and participation of many different stakeholders at the national level; reform efforts can also be strengthened through support at regional and international levels. Given the complexity of secured transactions reforms and the need for consistency with other legislative reforms (in fields such as insolvency and bankruptcy), collaboration remains of particular significance, both nationally and internationally.

In this spirit, and in furtherance of our mandate to promote secured transactions reforms, the Department works in collaboration with several international organizations — the United Nations Commission on International Trade Law (UNCITRAL), the Hague Conference on Private International Law (HCCH), and the International Institute for the Unification of Private Law (UNIDROIT); these organizations have also developed legal texts that can also serve as guides or models for Member States engaged in reforms of secured transactions regimes and related matters. The International Finance Corporation (IFC) of the World Bank Group also operates a technical assistance program for secured transactions and collateral registries. Links to the work of these organizations is provided below.

Our collaborative work extends beyond participation and input at events to other activities, such as sharing data, ideas and good practices and ways to address gaps in country data, capacity-building and institutional architecture – gaps that OAS Members States need to fill in order to implement resilient and functional secured transactions regimes.

Sample Collaborative Activities