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Secured finance law reform: the Joint Coordination Network
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In December 2021, the United Nations Commission on International Trade Law (UNCITRAL), the international Institute on the Unification of Private Law (Unidroit), the International Finance Corporation (IFC), the Organisation of American States (OAS) and a few other governmental and non-governmental organisations launched a Joint Network for Coordinating and Supporting Secured Transactions Reforms (Network). The main objective of the Network is to coordinate the activities of participating organisations in providing technical assistance and capacity building to States and organisations in secured transactions and related reforms. The Network also seeks to facilitate the modernisation and enhancement of secured transactions frameworks, particularly through the adoption and implementation of international standards in this area.1 The Network is the result of four coordination conferences jointly organised and held by the members of the Network in recent years.
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