[Federal Register Volume 71, Number 23 (Friday, February 3, 2006)]
[Notices]
[Pages 5898-5899]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-1483]


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DEPARTMENT OF STATE

[Public Notice 5295]


Advisory Committee on Private International Law

SUMMARY: The Advisory Committee's study group on secured finance will 
hold a meeting in New York City on February 27 from 10 a.m. until 2 
p.m. EST to review proposed recommendations for legislative reform on 
secured finance law under consideration by the United Nations 
Commission on International Trade Law (UNCITRAL). The meeting will 
examine in particular proposals concerning security interests in 
independent undertakings, such as letters of credit; bank accounts; 
and, time permitting, negotiable instruments.

Background

    UNCITRAL is preparing draft recommendations for countries that wish 
to upgrade their secured finance laws. This effort has been in progress 
since 2002, and has examined various approaches to secured finance law, 
including Uniform Commercial Code Article 9 (secured interests). The 
Commission will seek to balance the various proposals, and its Working 
Group on Secured Finance will meet to continue that process at the UN 
in New York during the first week of February 2006. The Department of 
State's Advisory Committee on Private International Law (ACPIL) will 
examine documents discussed at or revised during or after that meeting. 
The Advisory Committee offers an opportunity for interested members of 
the public or entities, associations, etc., to comment both on these 
developments and to make recommendations for future proposals.

Agenda

    The Advisory Committee's Study group agenda tentatively will cover 
current developments in international secured finance, and in 
particular proposals concerning the intersection of secured financing 
law and law covering independent undertakings such as letters of 
credit; bank accounts; and, time permitting, negotiable instruments.

Public Participation

    Advisory Committee Study group meetings are open to the public. The 
meeting will be held at the offices of Bingham McCutchenn LLP at 399 
Park Avenue, New York City, conference room 21C. Persons wishing to 
attend need to provide in advance their name,

[[Page 5899]]

address, contact numbers, including email addresses if available, and 
affiliation(s) if any to Jake Sullivan at 617-951-8613 or at 
[email protected], not later than February 20. Persons who 
cannot attend but who wish to comment on any of the topics referred to 
are welcome to do so in writing.
    DOCUMENTS on this project are obtainable at http://www.Uncitral.org/Working Groups/Working Group VI on secured finance. 
Additional documents may be available following the UN Working Group's 
meeting in early February, which may be obtained from Mr. Sullivan. For 
further information on UNCITRAL or the project generally please contact 
Hal Burman at the State Department at [email protected]. or 202-776-
8421, fax 776-8482.

    Dated: January 26, 2006.
Harold S. Burman,
Advisory Committee Executive Director, Department of State.
[FR Doc. E6-1483 Filed 2-2-06; 8:45 am]
BILLING CODE 4710-08-P