Confirm cookie choices
Cookies are pieces of code used to track website usage and give audiences the best possible experience.
Use the buttons to confirm whether you agree with default cookie settings when using ebrd.com.

Secured Lending in Commercial Transactions - Trends and Perspectives

Date 4-5 November 2013
Organiser EBRD
Location EBRD headquarters, London

On 4-5 November 2013 the EBRD hosted a conference to examine the issues surrounding secured lending in commercial transactions in order to further contribute to reform efforts and disseminate best practices.

The event built on the past experience of the Bank in assisting and advising on secured transactions reform. Although the work has evolved in scope and substance, it has never lost its relevance. The expansion of the EBRD into Turkey and the southern and eastern Mediterranean (Egypt, Jordan, Morocco and Tunisia) has given this work a fresh emphasis as these countries have yet to modernise their legal framework.

In central and eastern Europe many countries are also developing specific markets, such as capital and money markets, agriculture, leasing and factoring products and mortgages, which require secured transaction frameworks tailored to the new legal instruments serving these segments of the economy.

In addition, the financial crisis has highlighted weaknesses in the newly developed systems, especially within enforcement of the security but also with respect to restructuring and insolvency procedures which impact on secured creditors’ treatment.

This conference highlighted both the importance that secured transactions have for many sectors of the economy and the economic benefits that such reform can deliver.

 

Event agenda and presentations

Monday, 4 November

From 8:30

Registration

9:00 - 9:15

Welcome and Opening Remarks

Emmanuel Maurice, General Counsel, EBRD

Part I

Secured Transactions Economic Impact

Chair: Erik Berglof, Chief Economist, EBRD

9:15 -11:00
  • Mahesh Uttamchandani, World Bank Group, and John Armour, University of Oxford
    Why reforming creditors’ rights matter
  • Alejandro Alvarez de la Campa, IFC
    Results framework – methods and findings
  • Julian Franks and Vikrant Vig, London Business School
    Oren Sussman, Said Business School, University of Oxford
    Financial distress, repossession and fire sales in the shipping industry (preliminary results)

    Questions and Discussion
 

Coffee Break

Part II

Understanding the True Scope of Secured Financing

Chair: Michel Nussbaumer, Chief Counsel, EBRD

11:30 -13:00
 

Lunch 

14:15 -15:45

 

Coffee Break

16:15 -17:30

From 17:30 Drinks

Tuesday, 5 November

From 8:30

Registration

Part III

Perspectives on Secured Transaction Reform

Chair: Frederique Dahan, Lead Counsel, EBRD

9:00 -10:45
 

Coffee Break

11:15 -12:45
 

Lunch 

14:00 - 15:30

 

Coffee Break

16:00 -17:00

Panel Discussion and Conclusions
Chair: Gerard Sanders, EBRD Deputy General Counsel

All speakers

  Closing of the Conference

 

 
GDPR Cookie Status