Abstract
Those commercial legal institutions that are being used uniformly throughout the trading world earn their universality by incorporating the best commercial practices. This article examines why the law of secured lending based on personal property collateral, a key contemporary commercial legal institution and tool for the economic development of countries such as Canada and the United States, among other nations, is likey to succeed in Guatemala and Honduras. It will also show why it will not succeed in Mexico and peru, unless it is re-drafted and their underlying attitudes and practices are changed.
| Translated title of the contribution | Modernization of commercial law. International uniformity and economic development |
|---|---|
| Original language | Spanish |
| Pages (from-to) | 795-853 |
| Number of pages | 59 |
| Journal | Boletin Mexicano de Derecho Comparado |
| Issue number | 125 |
| State | Published - 2009 |
Keywords
- Best practices
- Economic development
- Modernization of commercial law
- The law of secured lending
ASJC Scopus subject areas
- Law