International
Insolvency Institute

UNCITRAL Activities

The International Insolvency Institute was awarded special consultative status to United Nations Agencies in 2014. III has been privileged to have been invited to send Delegations to UNCITRAL Working Groups for several years. We are also very pleased that UNCITRAL representatives have for many years participated valuably in our Conferences. We appreciate the fine working relationship that we have always had with UNCITRAL and the Working Groups in which we are involved.

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The Model Provisions on Secured Transactions for Intermediated Securities are intended to supplement the UNCITRAL Model Law on Secured Transactions.    As the Introduction explains, the Model Law does not include within its scope interests in securities held with intermediaries and credited to securities accounts—intermediated securities.  For States that do not adopt the UNIDROIT (Geneva) Securities Convention, the Model Provisions fill this gap in the Model Law’s coverage.  The Model Provisions are designed to be consistent with the other provisions of the Model Law and with the provisions of the Geneva Securities Convention. The Model Provisions are adaptable to secured transactions regimes that have not fully implemented the UNCITRAL Model Law or are based on other models.

Click here to download the Model Provisions.

The Model Provisions will be updated from time to time based on comments received and continuing efforts to improve the text.  Comments and suggestions should be sent to:

Charles W. Mooney, Jr., Charles A. Heimbold Professor of Law, University of Pennsylvania Law School, cmooney@law.upenn.edu and Dr. Marek Dubovec, Executive Director, National Law Center for Inter-American Free Trade, mdubovec@natlaw.com.

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Working Group II: Arbitration and Conciliation

Working Group V: Insolvency Law

Working Group VI: Security Interests

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