The universality of certain commercial legal institutions is not the product of chance or of cultural imperialism. Commercial law institutions that are being used uniformly throughout the trading world earn their universality by reflecting best commercial practices. These are the practices that...

The 21st Century began as it ended, with an ongoing struggle to allow the poor of the world to partake in the prosperity of market economics. This article focuses on legal reforms to the law of secured transactions in Latin America, a part of the world where small and medium sized merchants have...