The UNCITRAL Model Law on Electronic Transferable Records

This book comprehensively explores the revolution in the use of electronic negotiable instruments and negotiable documents through a thorough examination of the UNCITRAL Model Law on Electronic Transferable Records. The Model Law, a product of the United Nations Commission on International Trade Law, provides the most current and complete law for electronic negotiable instruments.To understand the short 19 articles and explanatory notes of the Model Law requires an extensive background not only in the current practices of digital trade, but also a thorough understanding of the substantive law of negotiable instruments and negotiable documents. This book provides a full and understandable guide through these areas of the law. The authors, all of whom were instrumental in the formation of the Model Law, bring their years of experience in international commercial law to this in-depth and practical examination of this important text. The book is an invaluable resource both for novice as well as experienced commercial, maritime and banking lawyers, for economic policy makers, supply chain management specialists, and for anyone interested in keeping abreast of the fast-changing world of digital trade.