On 8 December 2020, UNIDROIT participated in an international virtual forum organised by the World Bank Group and the Kozolchyk National Law Center entitled: “Toward a Coordinated Implementation of International Standards on Receivables Finance”.
The event was opened by Secretary-General of UNIDROIT, Professor Ignacio Tirado, and brought together international standard-setters including UNCITRAL, government representatives, academics, international development organisations, and the largest global associations of factors and asset-based lenders. The event highlighted the importance of bringing together stakeholders to ensure coordinated development, promotion and implementation of international standards, particularly the 2001 United Nations Convention on the Assignment of Receivables in International Trade and the UNIDROIT project to develop a Model Law on Factoring. The global industry associations committed to work jointly towards developing a modern model law on factoring and implementing existing UNCITRAL standards on secured transactions. Mr Hamza Hameed (Legal Consultant at UNIDROIT) also participated in the event.
-> The Agenda for the Virtual Forum can be found here.