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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