Law and Policy Reform at the Asian Development Bank: Vol. I: April 2000

Abstract

The Guide offers for ADB member countries key features of and reform options for movables registry design and highlights the opportunities provided by technological innovations to enable ADB developing member countries to leapfrog to notice-filing, electronic movables registries. However, the Guide also recognizes the need for policy choices in secured credit legal policy and registry systems design as well as in transition regimes to accommodate the special challenges created by infrastructure constraints, unique demographics, existing registries and commercial practices in some of the region's developing countries. Consequently, the Guide gives due consideration to registry design for a document filing, paper-based movables registry. The Guide is designed to provide a flexible resource to enable interested constituencies in each member country of ADB to play an active role in the registry design process and thus to have their needs and perspectives accommodated and provide for pursuit of a sequenced registry reform process from document-filing to notice-based and paper to digital registry systems.