International securitization : Implications for law reform in Ukraine

Prospects of securing affordable and efficient development finance for Central and Eastern European countries largely depends upon development of international securitizaton in the region, which is characterized by an undercapitalized banking sector and weak domestic investors' base.Securitization in the United States is examined as an example of how a developed jurisdiction can deploy this institution. The study of the cross-border structured finance experience gained by Latin American countries serves to show that this financing technique can be used in Ukraine. Ukraine is viewed as a target developing jurisdiction, and relevant proposals for Ukrainian law reform with emphasis on secured financing and bankruptcy regimes are elaborated