Security Interests under the Cape Town Convention on International Interests in Mobile Equipment

1. The Cape Town Convention and the Concept of the International Interest I. Introduction II. The Concept of a Security Interest III. The Concept of the International Interest IV. The Legal Nature of International Interests: Proprietary or Contractual? 2. The Constitution of Security and other International Interests under the Convention and the Protocols I. Introduction II. The Effect of the Constitution of the International Interest III. The Autonomous Nature of the International Interest IV. The Formal Requirements 3. Registering an Interest in the International Registry I. Introduction II. Defining Features of the International Registry III. The Supervisory Authority and the Registrar IV. Objectives of the Registration and Registrable Interests 4. The Process of Registration I. Introduction II. Who Can Effect Registrations in the International Registry? III. Establishing an Account with the International Registry IV. Formal Requirements for Registration V. Validity and Time of Registration VI. Searches and Search Certificates VII. Discharge of Registration 5. Priority of Competing Security and other International Interests I. Introduction II. The General Rule: First-in-time, First-in-right III. The Possibility of a Purchase Money Security Interest IV. Exceptions to the General Rule of Priority V. Effects of Insolvency 6. Enforcement of Security Interests under the Convention and the Protocols I. Introduction II. Defining ‘Default’ III. The Requirement of Commercial Reasonableness: General Considerations IV. Default Remedies of the Secured Creditor V. Vesting of Object in Satisfaction; Redemption VI. Speedy Relief Pending Final Determination VII. Remedies Available under the Protocols