Scribd Logo
Upload

Welcome to Scribd!

  • Session 2 Aaron ADB

    Uploaded by

    ADB_OREI1
    39 views7 pages
    The document discusses secured transactions reform in Pacific island countries that was undertaken by the Pacific Private Sector Development Initiative (PSDI). It provided an overview of the key facts about the Pacific region, noting the large geographic area, growing population that is predominantly English-speaking, reliance on foreign investment and aid, and prevalence of small and medium enterprises. It described the process of reform, which included detailed analysis, consultation, and implementation of technology solutions. The results of PSDI's work establishing secured transactions frameworks in various Pacific countries are presented, including the passage of new acts and development of online collateral registries to facilitate business lending.

    Original Description:

    Original Title

    4. Session 2 Aaron ADB PPT

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document discusses secured transactions reform in Pacific island countries that was undertaken by the Pacific Private Sector Development Initiative (PSDI). It provided an overview of the key facts about the Pacific region, noting the large geographic area, growing population that is predominantly English-speaking, reliance on foreign investment and aid, and prevalence of small and medium enterprises. It described the process of reform, which included detailed analysis, consultation, and implementation of technology solutions. The results of PSDI's work establishing secured transactions frameworks in various Pacific countries are presented, including the passage of new acts and development of online collateral registries to facilitate business lending.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    39 views7 pages

    Session 2 Aaron ADB

    Uploaded by

    ADB_OREI1
    The document discusses secured transactions reform in Pacific island countries that was undertaken by the Pacific Private Sector Development Initiative (PSDI). It provided an overview of the key facts about the Pacific region, noting the large geographic area, growing population that is predominantly English-speaking, reliance on foreign investment and aid, and prevalence of small and medium enterprises. It described the process of reform, which included detailed analysis, consultation, and implementation of technology solutions. The results of PSDI's work establishing secured transactions frameworks in various Pacific countries are presented, including the passage of new acts and development of online collateral registries to facilitate business lending.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 7

    ADB-OECD Workshop on Enhancing Financial Accessibility for SMEs

    2013/3/6 Session 2

    Secured Transactions Reform in the Pacific Islands


    Aaron Levine Business Law Reform Advisor Pacific Private Sector Development Initiative

    Manila, March 2013

    Outline
    1. Background the Pacific 2. Why undertake reform 3. The Pacific Private Sector Development Initiative (PSDI) 4. The process of reform 5. The results

    ADB-OECD Workshop on Enhancing Financial Accessibility for SMEs

    2013/3/6 Session 2

    Pacific countries we cover

    Key Facts about the Pacific


    Spanning approx 25% of the Earths surface 11 million people, growing to 16.5 million by 2035 Predominantly ex-Commonwealth countries with English common law systems Heavily reliant on foreign investment and foreign aid Almost every business is an SME

    ADB-OECD Workshop on Enhancing Financial Accessibility for SMEs

    2013/3/6 Session 2

    Harder to do business

    Easier to do business

    Source: World Bank DBI 2012

    ADB-OECD Workshop on Enhancing Financial Accessibility for SMEs

    2013/3/6 Session 2

    Slower enforcement

    Faster enforcement

    Source: World Bank DBI 2012

    Pacific Private Sector Development Initiative


    ADB / Australian AID funded programme covering 14 Pacific developing countries Business Law Reform Access to Finance State-Owned Enterprise Reform Removing barriers to private sector development

    ADB-OECD Workshop on Enhancing Financial Accessibility for SMEs

    2013/3/6 Session 2

    The Process of Reform


    Detailed analysis Private sector assessments Consultation private/public dialogue Technology solutions and implementation

    Factors which impact results


    Reform Fatigue Country buy-in Political instability Law v Implementation technology Judicial and Lawyer Capacity Building Adaptation of court processes and rules

    ADB-OECD Workshop on Enhancing Financial Accessibility for SMEs

    2013/3/6 Session 2

    PSDI Secured Transactions Reforms


     Act passed 2007  Registry live  Act passed 2012  Registry live  Act passed 2011  Registry procured  Act passed 2008  Registry live  Act passed 2008  Registry live  Bill in parliament final reading  Act passed 2006  Registry live

     Assistance request received

     Act passed 2010  Registry live

    A brief technical snapshot


    They give one simple set of rules allowing ANYONE to give security in their personal property. No more expensive forms to prepare. If there is possible conflict between creditors, this is anticipated and resolved with specific priority rules. The online registries are easy to use and a cheap way to warn creditors or buyers about other claims over personal property. On default, the recovery process is simpler, cheaper and less court-reliant.

    ADB-OECD Workshop on Enhancing Financial Accessibility for SMEs

    2013/3/6 Session 2

    You might also like