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A roadmap for legal reform: the future UNCITRAL/UNIDROIT Model Law on Warehouse Receipts
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An enabling legal framework is widely regarded as a prerequisite for a well-functioning warehouse receipt system that can facilitate transactions with goods, including access to finance. Over the past few years, several countries have initiated legal reform to modernise their legal frameworks governing warehouse receipts in general, or to accommodate the issuance and transfer of electronic warehouse receipts in particular. The future UNCITRAL/UNIDROIT Model Law on Warehouse Receipts will offer guidance to legislators in developing a legal framework that reflects best practices and embraces the most recent developments in business models and technology.
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