UNIDROIT Holds Centenary Access to Credit Workshop

On 25 September 2026, UNIDROIT held its Centenary Access to Credit Workshop at the University of Cambridge. The Workshop provided an opportunity to discuss and receive feedback on the draft White Paper prepared by the Access to Credit Workstream Committee, covering asset-based finance, factoring and receivables finance, leasing, agricultural finance and crowdfunding.

Reflecting the institutional and cross-sectoral nature of UNIDROIT’s work in this field, the Workshop brought together Committee members, experts, academics, legal practitioners and representatives of key partner organisations, including the EBRD, IFC, ADB, Factors Chain International, the International Law Institute, the Aviation Working Group, the Rail Working Group and the Japan Construction Equipment Manufacturers Association, alongside members of the UNIDROIT Governing Council.

The Workshop was opened by Professor Louise Gullifer, Chair of the University of Cambridge Faculty of Law, and Professor Ignacio Tirado, Secretary-General of UNIDROIT. Professor Neil Cohen (Brooklyn Law School), Chair of the Access to Credit Workstream Committee, then introduced the work of the Committee and the draft White Paper.

The Workshop was organised around five thematic panels, each combining a review of UNIDROIT’s existing work with discussion of possible future initiatives.

The first panel, chaired by Professor Tirado, addressed asset-based finance and the Cape Town Convention system. The White Paper section was presented by the Honourable Dr Ole Böger (German Federal Court of Justice) and Professor Megumi Hara (Chuo University), followed by comments from Mr Paul Ng (Rajah & Tann), Mr Howard Rosen (Rail Working Group), Mr Hamza Hameed (Focus Group on the Space Protocol) and Mr Satoru Koyama (Japan Construction Equipment Manufacturers Association). Discussions reviewed the impact and practical operation of the Cape Town Convention and its Protocols and considered possible future developments, including the potential Maritime and Renewable Energy Generation Protocols.

The second panel, chaired by Mr William Brydie-Watson, UNIDROIT Senior Legal Officer, focused on factoring and receivables finance. Professor Gullifer and Professor Alejandro Garro (Colombia Law School) presented the relevant section of the draft White Paper, followed by comments from Mr Milot Amha (EBRD), Ms Betul Kurtulus (Factors Chain International) and Professor Orkun Akseli (University of Manchester Law School). The discussion examined the impact and implementation of UNIDROIT’s instruments on factoring and their role in modern receivables finance.

The third panel, chaired by Dr Theodora Kostoula, UNIDROIT Legal Consultant, addressed leasing. Professor Rafael Castillo-Triana (The Alta Group – Latin America) presented the relevant section of the draft White Paper, with comments from Mr Murat Sultunov (IFC) and Mr Mike Dennis (International Law Institute). The panel reviewed UNIDROIT’s instruments on international leasing and considered possible future work, including a Guide to Enactment for the Model Law on Leasing.

The fourth panel, chaired by Professor Anna Veneziano, Deputy Secretary-General of UNIDROIT, focused on agricultural finance. Professor Iyare Otabor-Olubor (Aston University) and Professor Dora Neo (National University of Singapore) presented the relevant section of the draft White Paper, followed by comments from Ms Christina Pak (ADB) and Dr Marek Dubovec (International Law Institute). Discussions addressed the UNCITRAL–UNIDROIT Model Law on Warehouse Receipts, the new Legal Guide on Agricultural Financing project and the possible development of a Model Law on Crop Receipts.

The fifth panel, chaired by Ms Kateryna Bovsunovska, UNIDROIT Legal Consultant, considered investment-based crowdfunding. Professor Teresa Rodriguez de las Heras Ballell (Universidad Carlos III de Madrid) presented the relevant section of the draft White Paper, followed by comments from Mr Ivor Istuk (World Bank Group). The discussion focused on issues including typology and classification, intermediation, technology and the use of digital platforms.

Throughout the Workshop, participants engaged in discussions drawing on experience from international organisations, development finance institutions, academia, legal practice and sector-specific bodies. The combination of Committee analysis and external institutional perspectives provided valuable feedback on both the assessment of UNIDROIT’s existing instruments and the identification of priorities for possible future work in the field of access to credit.

Professor Cohen delivered the concluding remarks, drawing together the principal themes emerging from the discussions and the implications for the further revision of the draft White Paper.

Following the Workshop, the Access to Credit Workstream Committee will continue its work on the White Paper, taking into account the comments and recommendations received from participants. The White Paper will be finalised for submission to Governing Council and General Assembly in December 2026.

The full Workshop programme can be found here.

More information on the Centenary Workstream Committees established to examine UNIDROIT’s work and provide recommendations for the future can be found here.

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