Building a universal payments law?: The UNCITRAL Model Law on International Credit Transfers.

Henrich, Gregor (1991): Building a universal payments law?: The UNCITRAL Model Law on International Credit Transfers. Published in: Payment Systems Worldwide No. Summer (1991): pp. 4-16.

Abstract

The article descibes the process leading to the draft of the Model Law as discussed in 1991. The text of the draft is reproduced as Annex. The Model Law is designed to produce a comprehensive body of rules to govern relations between parties to funds transfer transactions.

• Item Type: MPRA Paper
• Language: English
• Keywords: UNCITRAL, model law, payments, credit transfers, transborder
• Subjects: F - International Economics > F5 - International Relations, National Security, and International Political Economy > F53 - International Agreements and Observance ; International Organizations; K - Law and Economics > K1 - Basic Areas of Law > K12 - Contract Law; K - Law and Economics > K3 - Other Substantive Areas of Law > K33 - International Law; K - Law and Economics > K3 - Other Substantive Areas of Law > K39 - Other

References

Bank for International Settlements, Large value funds transfer systems in the Group of Ten countries, BIS, Basel, May 1990.

R.J.S. Revell, Banking and electronic funds transfers, OECD, Paris, 1983.

UNCITRAL, Legal guide on electronic funds transfers, Vienna, 1987.

Gutwirth/Joris, Electronic funds transfer and the consumer: The "soft law" approach in the European Community and Australia, ICLQ 40(1991)265-301.