At its fifty-seventh session, in 2024, the Commission noted the emergence of new types of assets that could be used as collateral in international finance (including digital assets, data, verified carbon credits and crop receipts) as well as the development of new international financing practices. The Commission also noted legislative efforts by international and regional organizations to address transactions involving such assets as well as the evolving legislative approaches of States to legally characterize those new types of assets. It thus requested the UNCITRAL secretariat to organize a colloquium to clarify and refine various aspects of possible future work in the area. Read more here.
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