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Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment

[Preamble]

Chapter I - Sphere of application and general provisions

Article I - Defined terms

Article II - Application of Convention as regards aircraft objects

Article III - Application of Convention to sales

Article IV - Sphere of application

Article V - Formalities, effects and registration of contracts of sale

Article VI - Representative capacities

Article VII - Description of aircraft objects

Article VIII - Choice of law

Chapter II - Default remedies, priorities and assignments

Article IX - Modification of default remedies provisions

Article X - Modification of provisions regarding relief pending final determination

Article XI - Remedies on insolvency

Article XII - Insolvency assistance

Article XIII - De-registration and export request authorisation

Article XIV - Modification of priority provisions

Article XV - Modification of assignment provisions

Article XVI - Debtor provisions

Chapter III - Registry provisions relating to international interests in aircraft objects

Article XVII - The Supervisory Authority and the Registrar

Article XVIII - First regulations

Article XIX - Designated entry points

Article XX - Additional modifications to Registry provisions

Chapter IV - Jurisdiction

Article XXI - Modification of jurisdiction provisions

Article XXII - Waivers of sovereign immunity

Chapter V - Relationship with other conventions

Article XXIII - Relationship with the Convention on the International Recognition of Rights in Aircraft

Article XXIV - Relationship with the Convention for the Unification of Certain Rules Relating to the Precautionary Attachment of Aircraft

Article XXV - Relationship with the UNIDROIT Convention on International Financial Leasing

Chapter VI - Final provisions

Article XXVI - Signature, ratification, acceptance, approval or accession

Article XXVII - Regional Economic Integration Organisations

Article XXVIII - Entry into force

Article XXIX - Territorial units

Article XXX - Declarations relating to certain provisions

Article XXXI - Declarations under the Convention

Article XXXII - Reservations and declarations

Article XXXIII - Subsequent declarations

Article XXXIV - Withdrawal of declarations

Article XXXV - Denunciations

Article XXXVI - Review Conferences, amendments and related matters

Article XXXVII - Depositary and its functions

[Post Provisions]

[Post Clauses (If any: Signed; Witnessed; Done; Authentic Texts; & Deposited Clauses)]

Annex - Form of Irrevocable De-Registration and Export Request Authorisation

Endnotes

Endnotes

Metadata

SiSU Metadata, document information

Manifest

SiSU Manifest, alternative outputs etc.

Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment, UNIDROIT 2001

UNIDROIT

copy @ Lex Mercatoria

Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment

Chapter VI - Final provisions

Article XXXVI - Review Conferences, amendments and related matters

1. The Depositary, in consultation with the Supervisory Authority, shall prepare reports yearly, or at such other time as the circumstances may require, for the States Parties as to the manner in which the international regime established in the Convention as amended by the Protocol has operated in practice. In preparing such reports, the Depositary shall take into account the reports of the Supervisory Authority concerning the functioning of the international registration system.

2. At the request of not less than twenty-five per cent of the States Parties, Review Conferences of the States Parties shall be convened from time to time by the Depositary, in consultation with the Supervisory Authority, to consider:

(a) the practical operation of the Convention as amended by this Protocol and its effectiveness in facilitating the asset-based financing and leasing of the objects covered by its terms;

(b) the judicial interpretation given to, and the application made of the terms of this Protocol and the regulations;

(c) the functioning of the international registration system, the performance of the Registrar and its oversight by the Supervisory Authority, taking into account the reports of the Supervisory Authority; and

(d) whether any modifications to this Protocol or the arrangements relating to the International Registry are desirable.

3. Any amendment to this Protocol shall be approved by at least a two-thirds majority of States participating in the Conference referred to in the preceding paragraph and shall then enter into force in respect of States which have ratified, accepted or approved such amendment when it has been ratified, accepted or approved by eight States in accordance with the provisions of Article XXVIII relating to its entry into force.


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