asonlybeensignedbyLuxembourg.Consideringwhendraftingthisconvention,theworkinggroupiscomposedofallStatesmembersoftheCommission,includingtheUnitedStates,UnitedKingdom,Japan,China,Franceandother.FortheprocessofformulationofthisconventionisparticipatedandsupportedbylotsofStatesandnon-governmentorganizations,itisbelievedthatthisconventionwillbewidelyrecognizedandacceptedbymostoftheStates. 1SeeStevenL.Schwarcz,TheUniversalLanguageofCross-BoarderFinance,235,236-37,DukeJ.CompanyandInternationalLaw,8(1998). 2SeePreambleoftheUNCITRALConvention. 3Article1(2)oftheUNDROITConvention. 4SeeStevenLSchwarcz,TowardsACentralizedPerfectionSystemforCross-BorderReceivablesFinancing(1999). 5SeeAssignmentinReceivablesFinancing,DiscussionandpreliminaryDraftofUniformRules,ReportoftheSecretary-General,UNCITRAL.,28thSession,para.25,U.N.Doc.A/com.9/412/1995. 6Seeid.paras.26. 7Seeid.paras.27-28. 8Seeid.paras.29. 9Seeid.paras.22-29. 10SeeReportoftheWorkingGrouponInternationalContractpracticesontheWorkofitsTwenty-fourthSession,UNCITRAL,29thSession,para16,U.N.Doc.A/com.9/420(1995). 11Article2(1)oftheUNIDROITConvention. 12StevenL.Schwarcz,AfundamentalInquiryintotheStatuteRulemakingProcessofPrivateLegislatures,29GA.L.Rev.909,940(1995). 13SeeLSSealy&RJAHooley,CommercialLaw:Text,CasesandMaterials(SecondEdition),937(1999). 14SeeFrancoFerrari,TheUNCITRALDraftConventiononAssignmentinReceivablesFinancing:Applicability,GeneralProvisionsAndTheConflictOfConventions,11,MelbourneJournalofInternationalLaw,1(2001). 15Article2(2)oftheUNIDROITConvention. 16Article5oftheUNCITRALConvention. 17Article2(1)oftheUNIDROITConvention. 18Article1(3)oftheUNIDROITConvention. 19Article3(2)oftheUNIDROITConvention. 20Article6oftheUNCITRALConvention. 21SeeGeraldT.McLaughlin&NeilB.Cohen,InternationalAccountsReceivablesFinancing,216N.Y.L.J.3(1996).
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