On 10 November 2022 UNIDROIT participated in the 5th Belt and Road Conference, organised by the Law Society of Hong Kong in Hong Kong, China. Organised as one of the events as part of the Hong Kong Legal Week 2022 and supported by the Commonwealth Lawyers Association and the Law Association for Asia and the Pacific (LAWASIA), the 5th Belt and Road Conference focused on issues related to the “Metaverse and Money on the Belt and Road”.
In session 4 (Money on the Belt and Road – How do we deal with currency, payment issues and digital assets in negotiating and enforcing contracts?), UNIDROIT Senior Legal Officer William Brydie-Watson presented on the importance of using international legal instruments to address currency, payment issues and digital assets and contracts on the Belt and Road. He discussed international legal instruments that support the entire “life cycle” of legal relationships along the Belt and Road, including the UNIDROIT Principles of International Commercial Contracts, as well as UNIDROIT’s current projects on (i) Digital Assets and Private Law, (ii) the Model Law on Factoring, (iii) the Model Law on Warehouse Receipts, and (iv) Best Practices for Effective Enforcement. He also discussed the utility of both existing and new international legal instruments in addressing emerging technologies, emphasising the importance of the principle of technology neutrality in UNIDROIT’s legal instruments.
The full program from the Workshop is accessible at: