On July 30-31, 2018, NatLaw’s Executive Director, Dr. Marek Dubovec, delivered presentations as a guest panelist at the Conference on Secured Transactions Law Reform: Globally and in Japan. The Conference, which was held at the Nishimura & Asahi Tokyo Office, was co-organized by the Bank of Japan, the University of Pennsylvania, Gakushuin University, and the Nishimura & Asahi law firm, with support from the Egusa Foundation for International Cooperation in the Social Sciences and Japan Society for the Promotion of Science. The Conference Organizing Committee was comprised of: Professors Megumi Hara, Hideki Kanda, Charles Mooney, Kumiko Koens, and Hiroo Sono, as well as Mr. Mikari Kashima of the Bank of Japan and Mr. Masahiro Ueno of the Nishimura & Asahi law firm. Discussions at the Conference focused on the following topics:
- global secured transactions reforms, including the role of core modern principles of secured transactions law (as exemplified by the UNCITRAL Model Law on Secured Transactions);
- Japanese secured transactions law and current issues and problems, including private international law rules, and a comparison of Japanese law with the modern principles;
- the prospects for and potential direction of further law reforms in Japan; and
- the Japanese Business Credit Project.
Presentations were delivered on the aforementioned topics by distinguished academics and commercial law professionals, including Professor Louise Gullifer of Oxford University, Professor Anna Veneziano, Secretary General ad interim of UNIDROIT, Professor Ignacio Tirado, Secretary General Elect of UNIDROIT, Professor Charles Mooney of the University of Pennsylvania, Professor Hideki Kanda of Gakushuin University, Mr. Susumu Masuda of the Mori, Hamada & Matsumoto law firm, Mr. Katsu Sengoku of the Nishimura & Asahi law firm, Professor Hiroo Sono of Hokkaido University, Mr. Shigenori Shiratsuka, Director-General of the Bank of Japan’s Institute for Monetary and Economic Studies, and more.
At the conference, Dr. Dubovec made a presentation on modern secured transactions law principles and chaired Panel 7 on the regulatory treatment of secured loans in the era of modern technologies. He discussed the interconnection between technology, regulation, and secured lending, with a focus on the opportunities and new risks for secured lending from the interaction between all three areas, as well as the aspects of secured transactions law that are most impacted by new technologies.