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The book will provide an extensive analytical examination of the Cape Town Convention and its Protocols. The Convention aims to facilitate asset based financing and leasing of aircraft, railway and space objects by establishing a uniform legal regime for the creation and protection of security and related interests in these types of equipment.
It will provide a detailed treatment of issues arising from the creation of security and international interests under the Convention, from the need to ensure their priority among competing interests and the enforcement of remedies in the case of the debtor's default or insolvency. Security interests in aircraft, railway and space objects are one of the most frequently invoked mechanisms used to ensure repayment of the debt. It is their significance, effectiveness and frequency of use that explains this work's focus and scope.