Cross-border trade and international law regimes were central themes of this column in February when we discussed the Hague Securities Convention. We continue that theme this month with a preview of another international trade convention: the Luxembourg Rail Protocol to the Cape Town Convention.
The Cape Town Convention (the Cape Town Convention on International Interests in Mobile Equipment (the Convention)) is well known to those experienced in aircraft financing. Like the Hague Securities Convention, the Cape Town Convention was sponsored by UNIDROIT (the International Institute for the Unification of Private Law), an intergovernmental organization whose mission is to harmonize international laws.
