Examples of using Paper-based transferable in English and their translations into Spanish
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27 should be formulated into a functional equivalence rule with the chapeau revised along the following lines:"where any rule of law governing a paper-based transferable document or instrument permits.
that it would be more appropriate to maintain the same notice requirements for electronic transferable records as set for paper-based transferable documents.
endorsement of a paper-based transferable document.
that a structured approach, allowing first for the preparation of provisions dealing with electronic equivalents of paper-based transferable documents or instruments,
However, it was also felt that the Working Group should be cautious in taking such an approach as the key aim of the draft Model Law should be to provide functional equivalence rules enabling the use of paper-based transferable documents or instruments in an electronic environment.
elsewhere in the draft Model Law stating that the draft Model Law would not affect the application of any rule of law governing security rights in paper-based transferable documents or instruments or electronic transferable records.
had been broadened and thus was not in line with the definition of paper-based transferable document or instrument, in order to cover instruments that existed only in an electronic environment.
cornerstone of UNCITRAL texts, its operation in connection with electronic transferable records should reflect the limitations to the use of the same principle in paper-based transferable documents or instruments.
With respect to the transposition of the practice of issuing multiple originals of paper-based transferable documents or instruments to an electronic environment(A/CN.9/WG. IV/WP.128/Add.1,
in some systems, if a paper-based transferable document needed to be converted to an electronic form,
It also agreed that priority should be given to the preparation of provisions dealing with electronic equivalents of paper-based transferable documents or instruments,
Where the law requires a person to present for performance or acceptance a paper-based transferable document or instrument
the practical reasons for issuing or transferring paper-based transferable documents or instruments to bearer were stressed for example,
it was noted that the variance in the substantive laws governing paper-based transferable documents or instruments, particularly with respect
Yet, a suggestion was made that it should focus on the fact that a paper-based transferable document or instrument was capable of transferring rights specified in that document or instrument(in line with
of draft article 10(3), the Working Group engaged in a general discussion on the functions performed by the"original" of a paper-based transferable document or instrument
such as endorsements on the back of a paper-based transferable document or instrument
in subparagraphs 1(a) and(b), as those provisions referred to the holder in possession of a paper-based transferable document or instrument.
Thereafter, it was suggested that the definition of"electronic transferable record" as provided in draft article 3 could be broadened to encompass instruments that did not exist in the paper-based environment by referring to an electronic record that performed the same functions as a paper-based transferable document or instrument.
It was explained that substantive law generally included a reference to the paper-based transferable document or instrument itself without explicitly requiring it to be"the original" and that"the original" status of the paper-based transferable document or instrument was generally assumed rather than explicitly stipulated.