New York legislators have taken an important step towards digitalising trade in the state, adopting reforms that provide a legal basis for electronic records and digital assets. Adopted by the Assembly and Senate on June 11, the reforms bring New York in line with the Uniform Commercial Code (UCC), a model law amended in 2022 ...| Global Trade Review (GTR)
Australian bank NAB says it won’t benefit from any time or money savings from Australia’s proposed adoption of digital trade laws unless the entire trade documentation process is digitised. The Australian government is consulting on implementation of the Model Law on Electronic Transferable Records (MLETR), which recognises digital versions of traditionally paper documents of titles ...| Global Trade Review (GTR)