Cayman Islands Adopts Cape Town Convention

Earlier this year, the UK Parliament voted on the ratification of regulations implementing the Convention on International Interests in Mobile Equipment and the Protocol thereto on matters specific to aircraft equipment (together the Convention). It is anticipated that the implementing legislation will be in force on 1 November 2015.

Once ratified in the UK, our International Interests in Mobile Equipment (Cape Town Convention) Law, 2015 (Law) will give effect to the Convention once it is extended to the Cayman Islands.

The extension of the Convention will entitle the Cayman Islands to recognition (i) as a territorial unit of a contracting state to the Convention and (ii) of the declarations deposited by the UK on behalf of the Cayman Islands with the International Institute for the Unification of Private Law - UNIDROIT.