Call for evidence - convention on international interests in mobile equipment and protocol thereto on matters specific to aircraft equipment
Read the full outcome
Detail of outcome
The government has carefully considered the views of the respondents to the call for evidence and has decided to proceed with ratification of the ‘Convention on International Interests in Mobile Equipment and the Protocol thereto on Matters Specific to Aircraft Equipment’. The next steps will be a consultation on the various options for implementing the treaty.
The majority of respondents to the call for evidence were in favour of the UK ratifying the Convention on International Interests in Mobile Equipment (the ‘Convention’) and the Protocol thereto on Matters Specific to Aircraft Equipment (the ‘Protocol’) as it relates to aircraft equipment (‘the treaty’).
Original call for evidence
Call for evidence description
The Convention and Protocol are 2 separate but complementary instruments which aim to support asset based financing by giving greater certainty, clarity and confidence to financiers of mobile equipment as to the efficacy of their legal rights, resulting in increased flows of capital at lower costs to the borrower, and business opportunities for equipment suppliers. Following recent accession by the EU to the Convention and Protocol we are now seeking evidence on whether the UK should move towards ratification.
Documents
Updates to this page
Published 30 July 2010Last updated 6 December 2013 + show all updates
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Government response to the call for evidence published.
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First published.