Official Commentary on the Convention on International Interests in Mobile Equipment and Luxembourg Protocol thereto on Matters Specific to Railway Rolling Stock
By Roy Goode
The 2001 Cape Town Convention on International Interests in Mobile Equipment and 2007 Luxembourg Protocol on Matters Specific to Railway Rolling Stock represents one of the most ambitious and imaginative private commercial law projects ever to have been concluded. By providing an international legal regimen for security and related interests in aircraft objects, railway rolling stock, and space assets, the Convention and Protocol help to reduce legal uncertainty caused by differences in national laws and thereby open up to developing countries access to finance at reasonable cost. Sir Roy Goode, who had been Chairman of the UNIDROIT Study Group that initiated the project, has prepared the commentary on the Convention, which was published by UNIDROIT and is now distributed by Hart Publishing, Oxford.~This authoritative Official Commentary provides a detailed analysis of the two instruments. It is an indispensable guide to all aspects of the Convention and Luxembourg Protocol and will be of interest to commercial and financial law practitioners who deal with transactions concerning the convention.
Publication Date: 6/1/2008