Home Law Implementing the Cape Town Convention and the Domestic Laws on Secured Transactions
Principles Underlying the Convention System
The Cape Town Convention aims at establishing a legal framework that will facilitate financing and leasing of high value mobile equipment. The Convention and Aircraft Protocol are premised on three Principles needed to establish such a framework. These are:
These principles have largely been adopted by the Convention and its Protocols. Since South Africa is a Contracting Party we are invited to analyse whether, and to what extent, these principles were consistent with the national law before becoming a Party to the Cape Town Convention.
|< Prev||CONTENTS||Next >|