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ARTICLE · 04 DECEMBER 2019

Mining, Agricultural And Construction Equipment Financing

Gowling WLG
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The Protocol to the Convention on International Interests in Mobile Equipment on Matters specific to Mining, Agricultural and Construction Equipment (the "MAC Protocol")...

CanadaReal Estate and Construction

The Protocol to the Convention on International Interests in Mobile Equipment on Matters specific to Mining, Agricultural and Construction Equipment (the "MAC Protocol") was adopted on November 22, 2019, in Pretoria, South Africa by all signatory nations (the "Contracting States").1

The MAC Protocol is an extension of the Convention on International Interests in Mobile Equipment (the "Cape Town Convention") and both instruments must be applied together.2 All declarations made by a Contracting State under the Cape Town Convention are deemed to be subject to the MAC Protocol.3 However, a Contracting State may choose, using its instrument of accession/ratification, to modify existing declarations under the Cape Town Convention specifically for their application under the MAC Protocol.4

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