Until recently, commercial lending was a resource only for companies that had significant tangible assets and historic accounts receivable. Borrowers traditionally pledged tangible assets and accounts receivable to secure bank loans, and intellectual property was a mere afterthought in the...

Back in 1970, when Ulrich Drobnig first published his seminal UNCITRAL Report, it would have been hard to imagine that a day would come when the topic of harmonisation of secured transactions would produce such a plethora of well-authored books and journal articles. Without a doubt, the Akseli...