UDC 339.187.6
Biblid: 1451-3188, 16 (2017)
Vol. 17, No 60, pp. 188-197

Оriginal article
Received: 01 Jan 1970
Accepted: 01 Jan 1970


Vesić Dobrica (Институт за међународну политику и привреду, Београд), dobrica@diplomacy.bg.ac.rs

In this paper are analysed different operations of financial leasing in the European Union and developing countries, whose model law is a good example of its exploitation in practice. In the total number of leasing business, the predominant type is financial leasing, and a large number of issues in this domain was regulated at the end of the last century. However, there remain a considerable number of countries, especially developing ones still in transition, which permanently lack capital. Those countries still experience some difficulties in harmonizing the growing needs in the area of financing on the basis of leasing operations. In the national legal systems, most of the legal aspects are not explained enough. Therefore, UNIDROT under whose auspices was adopted the Convention on financial leasing, launched a new initiative in the field of general unification of the leasing transaction. Back in 2007, this resulted in the conception of the text of the model law. This paper reviews the results of applying this model of financial leasing operations. The model law primarily refers to countries that have not developed a commercial practice of leasing operations.

Keywords: The model law, leasing operations, developing countries, capital