As Mexico strives to enact successful reform for their laws governing personal property security interests, the National Law Center for Inter-American Free Trade (NLCIFT) is supporting and assisting their efforts by facilitating discussions between local and international stakeholders. In collaboration with the Commercial Finance Association (CFA), and acting as a Global Development Alliance Partner with the U.S. Agency for International Development (USAID-Mexico), a one-day Round Table on Secured Transactions was held in early June 2011 as way to open discussions on reform between all interested parties.
CFA is an international trade association dedicated to the asset-based lending and factoring industries. It has nearly 300 member companies and 16 chapters located throughout the United States, Mexico and Canada. CFA members include lending institutions that range from international banks to independent entrepreneurial finance companies. The Round Table, moderated by Ambassador Charles Shapiro of the U.S. Department of State, and held at and hosted by the Federal Judicial Institute (Instituto de la Judicatura Federal) in Mexico City, focused on discussing the current Mexican framework of secured transactions, and on identifying areas for necessary and achievable for future reform that will facilitate and increase lending in Mexico.
Attendees of the Round Table included: Judges and Magistrates from the Federal and Mexico City Judiciary; representatives from Mexico’s bankers association; notaries; commercial notaries; lawyers, Mexico’s Treasury, and its Commerce and Foreign Relations Secretariats. Representatives from the CFA included members from their executive board of directors, staff, counsel and its members from Bank of America, Citibank, Cole Taylor Business Capital, GE Capital, JPMorgan Chase and Wells Fargo.
Click the link at the bottom of this page to read the CFA’s summary of the Round Table.