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15
aug

Ukraine Ratifies Cape Town Convention

On July 31 Ukraine became the most recent State to deposit its instrument of ratification to the Cape Town Convention on International Interests in Mobile Equipment and its Aircraft Protocol.

DECLARATIONS
LODGED BY UKRAINE UNDER THE CAPE TOWN CONVENTION AT THE TIME OF THE DEPOSIT OF ITS INSTRUMENT OF ACCESSION IN RESPECT THEREOF

† The original version of these declarations was submitted in Ukrainian. This official English-language version of the declarations is a translation provided by the Government of Ukraine.

1) On Article 50 of the Convention:
This Convention shall not apply to a transaction which is an internal transaction in relation to Ukraine with regard to all types of objects”.

2) On Article 53 of the Convention:
“For the purposes of Article 1 and Chapter XII of this Convention the relevant “courts” are the courts of general jurisdiction”.

3) On Paragraph 2 of Article 54 of the Convention:
“Any remedy available to the creditor under any provision of this Convention which is not there expressed to require application to court may be exercised without leave of court.”
4) On Articles VIII and XIII of the Protocol:
“Pursuant to Article XXX(1) of the Protocol Ukraine declares that it shall apply the Articles VIII and XIII of the Protocol”.

5) On Article XI of the Protocol:
“Pursuant to Article XXX(3) of the Protocol Ukraine declares that it shall apply the Alternative A of Article XI of the Protocol in general to all insolvency proceedings and that the “waiting period” for the purposes of the Alternative A of Article XI of the Protocol shall be no later than 60 calendar days”.

6) On Article XIX of the Protocol:
“State Aviation Administration of Ukraine is designated as the entry point for information”.