LEGAL FRAMEWORK FOR WAREHOUSE RECEIPT FINANCING

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Presentation transcript:

LEGAL FRAMEWORK FOR WAREHOUSE RECEIPT FINANCING FAO Development Law Service, June 2012 LEGAL FRAMEWORK FOR WAREHOUSE RECEIPT FINANCING

Overview 1. Purpose and methodology of the legal study 2. Key pillars of warehouse receipt legislation FAO Legal Office

Country legislation reviewed/under review Country review Examples: Andean community decision for the prevention and control of foot and mouth disease Animal health legislation in Cape Verde ECOWAS regional regulation etc… Country legislation reviewed/under review

Key pillars to be covered Receipt Format: Single and Double Receipts System Receipt Details Trading Recording/Registration of Receipts FAO Legal Office

Key pillars to be covered Separate Guarantees Regulation of Warehouse Organization and Operation Settlement and Release of Stored Goods Execution and Priority of Obligations Penalties FAO Legal Office

Philine Wehling – Philine.Wehling@fao.org FAO Development Law Service Thank you Philine Wehling – Philine.Wehling@fao.org FAO Development Law Service FAO Legal Office