New publication of Professor Tajti: The Overlooked Building Blocks of Secured Transactions Law Reforms: Policing and the Role of Organized Industries
The new publication of Professor Tibor Tajti having appeared in the Uniform Law Review (publishers: Oxford Academic & the International Institute for the Unification of Private Law [Unidroit]) focuses on two often overlooked yet crucial building blocks of secured transactions law reforms: the roles policing (monitoring or checking) of debtors and the existence of professional industries living from secured transactions law play. Grasping what their presence (or lack) in a legal system means is also the token of properly undertanding why has the crediting and the corollary secured transactions systems (also: personal property security laws, or in civil law systems: law of credit securities) of the United States, and other leading financial systems, performed more efficiently compared to the countries in need of reforms. The pluralistic financial system of the United States is contrasted with the universal banking model of Europe and Canada as well. The link to the article can be found here: https://academic.oup.com/ulr/advance-article-abstract/doi/10.1093/ulr/unac016/6668525 .