The webinar’s purpose was to consider global experiences with modernizing warehouse receipts systems and emerging trends with a view to identifying the main legal issues leading to the development of a Model Law on Warehouse Receipts.
The webinar gathered input from a multidisciplinary group of selected experts from various geographic regions representing academia, stakeholders, institutional actors, and international organisations active in the field. UNIDROIT was represented by Secretary-General Professor Ignacio Tirado, Legal Officer Ms Philine Wehling, and Legal Consultant Mr Hamza Hameed.
Overall, participants concluded that there is a need for an international Model Law on Warehouse Receipts that would cover the private law aspects of a warehouse receipts system. The Model Law should accommodate new developments in the sector, including the challenges and opportunities presented by new technologies, and serve as a legislative model for countries seeking to modernize their domestic legislation. The summary and conclusions of the webinar will be made available on the UNIDROIT website.