UNCITRAL MLETR and the Shape of Things to Come
Автор: BAFT (Bankers Association for Finance and Trade)
Загружено: 2022-04-13
Просмотров: 506
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November 2021 could prove hugely significant in providing a window into the future of global trade, following the completion of a test pilot between Abu Dhabi Global Market (ADGM) and Singapore's Infocomm Media Development Authority (IMDA), the first trade finance transaction conducted in adherence to the United Nations Commission on International Trade Law’s (UNCITRAL) Model Law on Electronic Transferable Records (MLETR).
With much anticipation surrounding the concept of electronic trade documents being given the same legal standing as their paper-based counterparts – breaking down a crucial barrier to end-to-end trade digitalization – this session at GTR MENA 2022, with Bhaskar Dasgupta Member, Fintech Committee, ITFA, Tod Burwell, President & CEO, BAFT; Emmanuelle Ganne, Senior Analyst, Economic Research & Statistics Division, World Trade Organization (WTO); Andre Casterman, Consultant, TFD Initiative; and Vishnu Purohit, Group Head of Trade Product Management, Emirates NBD considered some of the key talking points, from the number of jurisdictions enacting MLETR to potential legal pitfalls, the role of multilateral institutions in providing suitable guidance, and attempts to encourage businesses to phase out paper and switch to digital documentation.
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