Bermuda Adopts Cape Town Convention

Effective 1 January 2018, the Cape Town Convention and the related Protocol (Convention) came into force pursuant to the Bermuda International Interests in Mobile Equipment (Cape Town Convention) Act 2016. The Convention is an international legal framework (recognised in all Contracting States). It enables interested parties to protect and recover their mobile assets with greater certainty and ease by creating an international registry. 

Bermuda is entitled to recognition as a territorial unit of a state that is a party to the Convention (Contracting State) via declarations deposited by the United Kingdom on behalf of itself and Bermuda with the International Institute for the Unification of Private Law – UNIDROIT. The Convention's extension to Bermuda will, for example, allow lenders who provide finance to Bermuda companies to protect their interests in any relevant aircraft asset in accordance with the Convention by way of registration of that interest on