Bahrain Electronic Transferable Law Global First

Introduction

Bahrain is a highly diverse nation, not only through its history as an important trading hub in the region but also in its modern day economic structure and growth. While Bahrain does have a substantial oil and gas export industry, it is also highly diverse. The country has specialized in other areas besides oil, with one of these critical areas being in Banking and finance, making it a global leader in the areas of trade and business. The country is also highly technologically advanced and wealthy.

A key area in which it is leading the pack is with the implementation of the Model Law on Electronic Transferable Records (MLETR) which was initially introduced by the United Nations.

MLETR

The reason for this introduction is to prepare Bahrain for the inevitable future in which the system is used as a norm around the world. It is only a matter of time before digitalization of this kind becomes universal, and to be at the forefront and a key player may prove of significant advantage in the...