Through commercial law and regulatory reform, NatLaw positively affects the lives of the world’s poorest people, bringing them into the formal economy, improving their opportunities to access and utilize credit, and enhancing the prospects of small and medium enterprises.

The creation of reliable and harmonized legal structures for business has a profound and very practical impact on daily life around the globe.  NatLaw’s secured transactions law reforms allow small and medium-sized businesses to use their inventory, equipment, accounts receivable, and contract rights as collateral for loans, enabling businesses to obtain the financing they need to grow. Similarly, NatLaw’s movable collateral registries reforms give investors and lenders confidence that their security interests are protected, resulting in a willingness to lend at lower costs.  These legal reforms permit the growth of credit for small and medium-sized businesses, fostering a better standard of living through increased productivity of both people and capital, and consequently reducing poverty.

In addition, harmonized documentation, such as invoices, drafts, bills of lading, and warehouse receipts, whether as parts of letters of credit or of “supply chain financing” transactions, protects buyers, sellers, and lenders in the cross-border shipment of goods and services. These reforms foster economic growth by building institutional trust and facilitating intra-national and international business transactions that knit together companies and people across the globe.