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1 Cape Town Convention J. 1 (2012)

handle is hein.journals/captowjo1 and id is 1 raw text is: Editorial Jeffrey Wool University of Washington - General Editor Rafal Zakrzewski University of Oxford - Editor This is the inaugural issue of the Cape Town Convention Journal (the 'CTC Journal'), part of the Cape Town Convention Academic Project (the 'Project'), a joint undertaking between the University of Oxford Faculty of Law and the University of Washington School of Law. It is published under the auspices of the Project and UNID1ROIT, the international organisation that led the development and acts as the treaty depositary of the Convention on International Interests in Mobile Equipment (the 'Conven- tion') and its various protocols ('Protocols'). The Convention, adopted in late 2001, is already one of the most successful commercial law treaties. Over fifty (50) countries are parties to it. It is equally important in substantive and conceptual terms: its provisions address prop- erty rights, insolvency, electronic commerce, and dispute resolution to a degree without precedent in the field of transnational com- mercial law. Together with its Aircraft Protocol, the Cape Town Convention now provides the international legal framework applicable to the majority of the world's aircraft financing and leasing transactions.The Rail and Space Proto- cols hold out the promise for parallel regimes in these fields. In view of the importance of its subject matter, the financing of transportation, development, and communications equip- ment, and its widespread adoption, there is much interest in the terms of the Cape Town Convention and its implementation and inter- 't , r 2012 pretation by courts and authorities around the world. The Cape Town Convention system is both innovative and complex.These features present the risk of misunderstanding and misconstruc- tion.These risks are minimised by the informed study and assessment of the Convention and its Protocols, which, with advancing their aims, are the prime objectives of the Project. The Project seeks to assist scholars, practising lawyers,judges and other government officials, and industry by providing information on and education about the treaty. The CTC Journal, together with a com- prehensive, digitised, and searchable repository of inter alia primary and secondary materials (including international and national legisla- tive type materials) on the Convention and its Protocols, the economic assessment of the Convention, the holding of academic confer- ences, and the development of related teaching materials, is at the heart of these informational and education objectives.TheJournal will focus on in-depth, qualitative analysis of important or complex topics. The nature of the Journal and its core focus are seen in the articles and other materials in this issue, which address (i) the extent to which UK ratification of the Convention and the Aircraft Protocol would solve the lex situs related issues after the decision in Blue Sky (a joint work by Clifford Chance LLP (William J Glaister, Marisa Chan and Julian Acrat- opulo) and Freshfields Bruckhaus Deringer So nvention journal doi: 0.5235/CTC.2012.1

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