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The Cape Town Convention
In March and April 2008, The Department sought industry views on the Convention on International Interests in Mobile Equipment 2001 (Cape Town Convention) and its Protocol on Matters Specific to Aircraft Equipment (Aircraft Protocol), which seek to facilitate aircraft financing and investment.
The Convention and Aircraft Protocol create an international interest which is recognised by all signatory countries and entitles the creditor to a number of remedies in the case of a debtor's default or insolvency. Creditors can also register their interest in an international register to guarantee the priority of their claim against other parties.
The date for submissions has now closed. However, the Cape Town consultation paper [
PDF: 261 KB] is available for information.
The International Institute for the Unification of Private Law (UNIDROIT) is the Depository of the Cape Town Convention. Visit the UNIDROIT website to find out more about the Convention and Aircraft Protocol.
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