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Vol 21 No 11 Nov/Dec 2016

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Convention on International Interests in Mobile Equipment and Protocol thereto on Matters Specific to Aircraft Equipment: Official Commentary 3rd ed


ISBN13: 9788886449250
Previous Edition ISBN: 9788886449182
Published: July 2013
Publisher: UNIDROIT
Country of Publication: Italy
Format: Paperback
Price: £215.00



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The 2001 Cape Town Convention on International Interests in Mobile Equipment and associated Protocols 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 Protocol help to reduce legal uncertainty caused by differences in national laws and thereby open up to developing countries access to finance at reasonable cost. The Convention has already secured 55 ratifications and more are in the pipeline.

It was last revised in 2008. Much has changed in the intervening five years. There have now been 57 ratifications of the Convention and 51 of the Protocol. The experience of the aviation industry based on large numbers of transactions registered under the Convention and Protocol has revealed a series of new issues which needed to be addressed. In addition the International Registry for aircraft objects has been progressively updated, and substantially enhanced facilities are now in preparation and w-ill be the subject of new regulations.

This 3rd edition of the Official Commentary provides a detailed analysis of the two instruments. Major developments that have occurred since the ublication of the original Official Commentary include the entry into force of the Convention and Aircraft Protocol, nearly 400,000 registrations in the International Registry and the experience of practitioners handling thousands of transactions relating to the two instruments.

With 63 illustrative examples and 14 Appendices, the 3rd edition of the Official Commentary is both an indispensable guide to all aspects of the Convention and Protocol and a compendious work of reference.

Subjects:
Commercial Law, Air and Space Law
Contents:
Preface
Acknowledgments
Glossary of instruments
Table of Convention Articles
Table of Space Protocol Articles
Introduction
Part 1 A brief history of the Convention and Space Protocol
Part 2 A review of the Convention
Part 3 A review of the Space Protocol
Part 4 Annotation of the Convention on International Interests in Mobile
Equipment
Part 5 Annotation of the Protocol to the Convention on International
Interests in Mobile Equipment on Matters Specific to Space Assets
APPENDICES
Appendix I
Convention on International Interests in Mobile Equipment
Appendix II
Aircraft Protocol
Appendix III
Regulations and Procedures for the International Registry (Sixth Edition 2013)
Appendix IV
Final Act of the Diplomatic Conference
Appendix V
Resolution 1 of the Diplomatic Conference, with attached Consolidated Text of the Convention and Aircraft Protocol
Appendix VI
Resolution 2 of the Diplomatic Conference, relating to the establishment of the Supervisory Authority
of the International Registry for aircraft objects
Appendix VII
Resolution 3 of the Diplomatic Conference, pursuant to Article 2(3)(b) and (c) of the Convention
Appendix VIII
Resolution 4 of the Diplomatic Conference, relating to technical assistance with regard to theto the implementation and the use of the International Registry
Appendix IX
Resolution 5 of the Diplomatic Conference, relating to the Official Commentary on the Convention and Aircraft Protocol
Appendix X
Table of concordance between the Convention/Aircraft Protocol and the Consolidated Text
Appendix XI
Matrix of declarations permitted under the Convention and Aircraft Protocol
Appendix XII
Tables of declarations
XIIA)
Declarations made by each Contracting State under the Convention
XIIB)
Declarations made by each Contracting State under the Aircraft Protocol
XIIC)
Type of Non-Consensual Rights and Interests Declared by Contracting States under Convention Article 39(1)(a)
XIID)
Type of Non-Consensual Rights and Interests Declared by Contracting States under Convention Article 40
XIIE)
Glossary of Declarations Capable of being made by Contracting States under the Convention and Aircraft Protocol
Appendix XIII
Chronology of events concerning the development of the Convention and Aircraft Protocol up to and including the diplomatic Conference
Appendix XIV
List of key documents published by UNIDROIT and ICAO in connection with the
development of the Convention and Aircraft Protocol
INDEX