Book talk by Dr Sanam Saidova on 'Security Interests under the Cape Town Convention on International Interests in Mobile Equipment'

This book provides 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. The book provides a detailed treatment of issues arising from: the creation of security and other international interests under the Convention; the need to ensure their priority among competing interests to the enforcement of remedies in the case of the debtor's default or insolvency. Security interests in aircraft, railway and space objects are among the most frequently invoked mechanisms used to ensure repayment of the debt. It is their significance, effectiveness and frequency of use that explains the book's focus and scope.

At this event, Dr Saidova will explore some of the distinctive features of the Convention, such as: the relationship between the Convention and its Protocols; the truly unique concept of an autonomous international interest; the electronic asset-based International Registry; and an elaborate system of remedies. These features are aimed at promoting legal predictability and transparency in the financing of mobile equipment, which should reduce the risks and costs of borrowing to the benefit of all stakeholders.