Mobile Menu
Articles

Getting the Deal Through – Aviation Finance & Leasing 2017: Cayman Islands

June 2017 Matthew Stocker

Overview

1. Conventions

To which major air law treaties is your state a party? Is your state a party to the New York Convention of 1958?

The Cayman Islands is not a signatory (or a party by extension from the UK) to the Rome Convention, the Geneva Convention or the Chicago Convention. It is now a party to the Convention on International Interests in Mobile Equipment and the associated Protocol to the Convention on International Interests in Mobile Equipment on matters specific to aircraft equipment (collectively, the Cape Town Convention).

In relation to the Chicago Convention, however, certain provisions of that Convention with which the United Kingdom is obliged to ensure that its overseas territories (including Cayman) comply are reflected in the Air Navigation (Overseas Territories) Order 2013 and Overseas Territories Aviation Requirements, applicable in Cayman.

The Cape Town Convention came into force in the Cayman Islands on 1 November 2015 following ratification of the Cape Town Convention by the United Kingdom and its extension to the Cayman Islands at its request. Upon such ratification and extension to the Cape Town Convention by the United Kingdom, the Cayman Islands Cape Town Convention Law 2009 was repealed. The aim of that legislation had been to mimic the principles and framework for the registration, recognition, and enforcement of international interests contained in the Cape Town Convention in the absence of the Convention actually being in force in the Cayman Islands.

The Cayman Islands is, by Order-in-Council from the United Kingdom, a party to the New York Convention.

 

To continue reading full articles in PDF format:
Getting the Deal Through – Aviation Finance & Leasing 2017: Cayman Islands

 


Matthew Stocker
Partner

Cayman Islands   +1 345 814 7382


Reproduced with permission from Law Business Research Ltd. Getting the Deal Through: Aviation Finance & Leasing 2017, (published in June 2017; contributing editors: Mark Bisset, Clyde & Co LLP). For further information please visit
https://gettingthedealthrough.com/area/66/aviation-finance-leasing-2017

Accolades
_

"I enjoy working with them - they are very dependable, reliable and responsive."
- Chambers Global