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The 2001 Cape Town Convention on International Interests in Mobile Equipment and Aircraft Protocol, and the 2007 Luxembourg Protocol on Matters Specific to Railway Rolling Stock represent one of the most ambitious and imaginative private commercial law projects ever to have been concluded. By providing an international legal regimen for security and related interests in aircraft objects, railway rolling stock and space assets, the Convention and its Protocols help to reduce legal uncertainty caused by differences in national laws and thereby open up to developing countries access to finance at reasonable cost.
As Chairman of the UNIDROIT Study Group that initiated this project, Chairman of the Drafting Committee at the Cape Town Diplomatic Conference, and Rapporteur to the Luxembourg Diplomatic Conference, Professor Sir Roy Goode is uniquely qualified to fulfil the mandate given to him by the Luxembourg Diplomatic Conference to prepare the Official Commentary on the Convention and Luxembourg Protocol.
This authoritative text provides a detailed analysis of the two instruments, with over 50 illustrative examples. Together with its 12 Annexes the Official Commentary is both an indispensable guide to all aspects of the Convention and the Luxembourg Protocol and a compendious work of reference.