Ireland Adopting Cape Town’s Alternative A

Ireland's long tradition and enviable reputation in the area of aviation finance and leasing have come about as a result of many factors, including a favourable tax regime, a wide double tax treaty network and world class expertise across the industry. In addition, successive Irish governments have been committed to growing and supporting the aviation industry here, and the current administration has, in recent years, taken a number of steps to further strengthen the country's dominant position in the market. Conor Keaveny and Kate Curneen of Dillon Eustace discuss the benefits of Ireland adopting Alternative A of the Cape Town Convention.

Ireland was the first EU member state to sign and ratify the Convention on International Interests in Mobile Equipment (the "Convention") and the associated Aircraft Protocol (the "Protocol"), through the enactment of the International Interests in Mobile Equipment (Cape Town Convention) Act 2005 (the "2005 Act").