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

Sanam Saidova is Assistant Professor in Law at Nottingham University.

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