The Cape Town Convention on International Interests in Mobile Equipment (the CTC) is one of the world’s most important commercial law treaties, which has secured over 50 ratifications in relatively short period of time. The Convention and its protocols provides for an international interest, registered in a central international registry, in aircraft, railway rolling stock and space assets. The CTC is not only worthy of study in its own right, but raises many issues of more general interest, such as the use of private law conventions in transnational law, and the process by which such conventions are developed and agreed.
This conference was the first annual conference of the Cape Town Convention Academic Project, which is described briefly below. The conference included papers given by leading experts on particular aspects of the CTC, such as its effect on the law and practice on electronic commerce, its effect on the Blue Sky case and on interim relief and insolvency. There was also discussion of the use of the CTC in the teaching of international and transnational law, as well as discussion of economic assessment of CTC and international commercial law generally. The papers were published in the first edition of the Cape Town Convention Academic Journal
The Cape Town Convention Academic Project is a joint undertaking between the University of Oxford Faculty of Law and the University of Washington School of Law. Aspects of the Project are also being undertaken under the auspices of the International Institute for the Unification of Private Law (UNIDROIT). The Project’s purpose is to facilitate the study and assessment of the CTC and to advance its aims. The Project will benefit scholars, practising lawyers, and judges and other government officials. The Project’s founding sponsor is the Aviation Working Group. It is comprised of several segments, including the creation of a comprehensive electronic data base, a specialised journal, the creation of teaching materials, and economic assessment.
Kaye Scholer LLP
Abogados Sierra y Vazquez
Holland & Knight