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Book Reference Book The Draft UNCITRAL Model Law on Secured Transactions. Why and how? / Le projet de loi type de la CNUDCI sur les opérations garanties. Pourquoi et comment? FOËX, Bénédict (Ed.) Reference FOËX, Bénédict (Ed.). The Draft UNCITRAL Model Law on Secured Transactions. Why and how? / Le projet de loi type de la CNUDCI sur les opérations garanties. Pourquoi et comment?. Zurich : Schulthess, 2016 Available at: http://archive-ouverte.unige.ch/unige:88037 Disclaimer: layout of this document may differ from the published version. 1 / 1 Réflexion sur la véritable nature de la “loi type” sur les opérations garanties 5 PREFACE In July 2012, the United Nations Commission on International Trade Law (UNCITRAL) has entrusted its Working group VI (Security interests) with the mandate to “prepare a simple, short and concise model law on secured transactions based on the general recommendations of the Secured Trans- actions Guide and consistent with all texts prepared by UNCITRAL on secured transactions” 1. It seemed appropriate to ponder on the text of Model Law while it was being drafted. Convened in Geneva for an international conference in Sep- tember 2014 under the auspices of the Centre for banking and financial law of the University of Geneva, experts from various legal systems (sev- eral of whom are members of Working Group VI) have analyzed the draft Model Law and compared it to other recent developments. They reflected on whether the draft was “simple, short and concise”, whether it might be met with adequate support, whether it was sufficiently innovative with- out unnecessarily shaking up generally held principles, whether it served the various interests at stake in a judicious and balanced way, whether the careful and meticulous chiseling of the text did not hamper its readability, whether its rules did form a coherent and efficient system of security -in terests in movable assets – in short: whether the text could appropriately serve as model or as inspiration source for legislators striving to modern- ize their secured transactions laws. Let us be thankful to the authors for the answers they provide to these questions and to many other ones. Their thoughts have contributed to the ongoing debate on the draft Model Law; in addition, they constitute numerous constructive contributions for the rejuvenation of this impor- tant part of the law and will remain precious in the interpretation of the Model Law. We wish to thank the speakers as well as the participants to the con- ference. We also thank for their support Mrs. Monique Jametti, Judge at the Swiss Federal Tribunal (who was at the time vice-director of Switzer- land’s Federal Office of Justice), Dr. Michael Schöll, vice-director of the 1 Report (A/67/17) of the United Nations Commission on International Trade Law. Forty-fifth session (25 June–6 July 2012), p. 25 on 105 (http://daccess-dds-ny.un.org/ doc/UNDOC/GEN/V12/551/54/PDF/V1255154.pdf?OpenElement). 6 Preface Federal Office of Justice (then director of the Private international law divi- sion at the Federal Office of Justice), professor Christine Chappuis (Dean of the University of Geneva Faculty of Law) and our friend and colleague prof. Luc Thévenoz (director of the Centre for banking and financial law of the University of Geneva). We are also grateful to the staff members of the University of Geneva Faculty of Law who have contributed to the organiza- tion of the conference and to this publication, Messrs. Alexandre Alvarez, Edouard Benoit and Gervais Muja, as well as to Mrs. Ariane Tschopp for the careful formatting and laying out of this book. Bénédict Foëx Réflexion sur la véritable nature de la “loi type” sur les opérations garanties 7 AVANT-PROPOS En juillet 2012, la Commission des Nations Unies pour le droit commercial international (CNUDCI) a chargé son Groupe de travail VI (Droit des sûretés) d’“élaborer une loi type simple, courte et concise sur les opérations garanties, fondée sur les recommandations générales du Guide sur les opé- rations garanties et conforme à l’ensemble des textes de la CNUDCI sur les opérations garanties” 1. Il a paru intéressant de faire le point en cours de travaux. Réunis en colloque international à Genève en septembre 2014 sous l’égide du Centre de droit bancaire et financier de l’Université de Genève, des spécialistes is- sus de différentes traditions juridiques (dont plusieurs membres du Groupe de travail VI) se sont penchés sur le projet de loi type, à la lumière notam- ment d’autres développements récents. Ils se sont notamment demandé si le texte envisagé était “simple, court et concis”, s’il était susceptible d’em- porter l’adhésion, s’il était suffisamment novateur sans bousculer inutile- ment les principes généralement reconnus, s’il servait de façon judicieuse et équilibrée les divers intérêts en cause, si la précision et le soin du détail apporté à sa rédaction ne nuisaient pas à sa lisibilité, si les règles qu’il po- sait formaient un système cohérent et efficace des sûretés réelles mobilières – en bref: s’il était susceptible de servir de modèle ou de source d’inspi- ration pour les législateurs désireux de moderniser leur droit des sûretés réelles mobilières. Soyons reconnaissants aux auteurs des contributions qui suivent d’avoir apporté des réponses à ces questions, comme à bien d’autres en- core. Ces réflexions ont contribué à nourrir le débat sur le projet de loi type; elles constituent en outre autant d’apports constructifs en vue du ra- jeunissement de ce domaine important du droit et demeureront précieuses à l’interprète de la loi type. Nous remercions donc très vivement les orateurs ainsi que les partici- pants au colloque. Nous remercions également de leur soutien Mme Monique Jametti, Juge au Tribunal fédéral (qui était à l’époque vice- directrice de 1 Rapport (A/67/17) de la Commission des Nations Unies pour le droit commercial international. Quarante-cinquième session (25 juin-6 juillet 2012), p. 26 no 105 (http://daccess-dds-ny.un.org/doc/UNDOC/GEN/V12/551/55/PDF/V1255155. pdf?OpenElement). 8 Avant-propos l’Office fédéral de la Justice), M. Michael Schöll, vice-directeur de l’Office fédéral de la Justice (alors directeur de l’Unité de droit international privé de l’Office fédéral de la justice), la professeure Christine Chappuis (doyenne de la Faculté de droit de l’Université de Genève) et notre collègue et ami, le professeur Luc Thévenoz (directeur du Centre de droit bancaire et finan- cier de l’Université de Genève). Des remerciements s’adressent en outre aux collaborateurs de la Faculté de droit de l’Université de Genève, pour l’aide qu’ils ont apportée dans l’organisation du colloque et la publica- tion de cet ouvrage, MM. Alexandre Alvarez, Edouard Benoit et Gervais Muja, ainsi qu’à Mme Ariane Tschopp, qui a procédé à la mise en page de ce beau livre. Bénédict Foëx Contributors 9 CONTRIBUTORS Georges Affaki is Professor of law at the University of Paris II and admit- ted to practice before the Court of Appeal of Paris, France. He has served as chairman, panel and sole arbitrator under the rules of the leading arbi- tral institutions. He frequently consults on law reforms in transition econ- omies. He is Chairman of ICC France Banking Commission and chairs the Legal Committee of the ICC Banking Commission that he founded. Professor Affaki is a member of the Board of Governors of the UNIDROIT Foundation. Spyridon (Spiros) V. Bazinas is the Secretary of the UNCITRAL Working Group VI (Security Interests), which is currently preparing a draft Model Law on Secured Transactions. Mr. Bazinas served as Secretary of Working Group VI, when it prepared the UNCITRAL Legislative Guide on Secured Transactions (2007), the Supplement on Security Interests in Intellectual Property Rights (2010) and the UNCITRAL Guide on the Implementa- tion of a Security Rights Registry (2013). He also served as Secretary of the Working Group on International Contract Practices, when it prepared the draft Convention on the Assignment of Receivables in International Trade (2001). He has also been involved in the Commission’s work on in- solvency, bank guarantees, procurement and electronic commerce. He has co-authored eight books and has published numerous articles on various international trade law topics and, in particular, on secured financing. He has also provided technical assistance and lectured all over the world on a variety of UNCITRAL work topics. He is also a lecturer at the Law School of the University of Vienna, Austria. Leif Böttcher est notaire à Brühl, Allemagne. Après des études de droit à l’Université de Münster, il a obtenu un LL.M en droit comparé à l’Uni- versité de Miami en 2005. Docteur en droit, il a travaillé en tant qu’avocat avant de joindre le Ministère de la Justice en 2010 où il était responsable du droit des sûretés. Il a également été membre de la délégation allemande au groupe de travail VI (droit des sûretés) de la CNUDCI. Il enseigne à l’Université de Bonn et est l’auteur de nombreuses publications en droit civil et notarial. 10 Contributors Michel Deschamps is a lawyer with McCarthy Tétrault, one of the largest Canadian law firms. He practices in banking and commercial law, with a focus on loan syndications, secured transactions, international bank- ing transactions and the regulation of banks. He is also associate pro- fessor at the Faculty of Law of University of Montreal, where he teaches banking law. He is the author of numerous publications and a frequent speaker in his areas of specialization. Michel chairs the Quebec Bar Law Review and the Secured Transactions Committee of the Quebec Bar.
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