Navigating the Debate on Expanding The Cape Town Convention to…: I. Introduction

Abstract: The UNIDROIT Convention on International Interests in Mobile Equipment (Cape Town Convention) was signed in 2001, along with its protocols concerning specific assets namely aircraft, rail, space and mining, agricultural and construction equipment which set out the legal framework for consensual security interests in these assets. The Cape Town Convention and its protocols are currently regarded as one of the most significant international conventions in the field of the unification of private law, particularly in the context of property law. Notably, the Aircraft Protocol has significantly facilitated international aircraft financing. Given the similarities between the financing of ships and aircraft, there have been proposals to extend the secured transactions regime to encompass ships. This is to be achieved through a new protocol to the Cape Town Convention, which will cover security over ships

Keywords: Cape Town Convention, Secured Transactions, Maritine Protocol, International Financing, Property Law…

Özet: UNIDROIT tarafından kabul edilen Mobil Ekipmanlardaki Uluslararası Menfaatlere İlişkin Cape Town Sözleşmesi, 2001 yılında imzalanmış olup, uçaklar, demiryolu araçları, uzay ekipmanları ile madencilik, tarım ve inşaat ekipmanlarına ilişkin protokollerle birlikte belirli varlık gruplarına yönelik sözleşmeli teminat menfaatlerinin hukuki çerçevesini belirlemiştir. Cape Town Sözleşmesi ve ilgili protokolleri, özellikle mülkiyet hukuku bağlamında özel hukukun birleştirilmesi alanındaki en önemli uluslararası sözleşmelerden biri olarak kabul edilmektedir. Özellikle Uçak Protokolü, uluslararası uçak finansmanını önemli ölçüde kolaylaştırmıştır. Gemi ve uçak finansmanı arasındaki benzerlikler göz önüne alındığında, teminatlı işlemler rejiminin gemileri de kapsayacak şekilde genişletilmesine yönelik çeşitli öneriler bulunmaktadır. Bu genişleme, Cape Town Sözleşmesi’ne eklenecek yeni bir Denizcilik Protokolü ile gerçekleştirilecektir. Bu makale, olası bir Denizcilik Protokolü’nün hazırlanmasına yönelik süregelen tartışmaları genel hatlarıyla ele almayı ve uygulanmasına ilişkin doğabilecek potansiyel zorlukları incelemeyi amaçlamaktadır.…

Anahtar Sözcükler: Cape Town Konvansiyonu, Teminatlı İşlemler, Denizcilik Protokolü, Uluslararası Finansman, Mülkiyet Hukuku…

To dearest Professor Sözer...…

I first met him in 2018 during the foundation meetings of the Pîrî Reis University Faculty of Law. In a short time, I learned so much from him, not only about law but also about life. I deeply miss our conversations about current events and politics, his stories of the legendary professors of Istanbul and Ankara Law Schools, and his reflections on old academic traditions and manners. I especially miss our discussions on the intersection of civil law and maritime law, as well as his emphasis on the fundamental importance of a strong foundation in civil law as a prerequisite for truly understanding …

With that in mind, I felt that a presentation on the ongoing debate about expanding UNIDROIT’s Cape Town Convention to cover security interests in ships would be a fitting tribute to his memory. Security interests, whether in ships or immovables, demand a profound understanding of property law. Furthermore, the topic is closely connected to the registry system, one of the last subjects that I discussed extensively with Professor Sözer. It also relates to aviation law, an area in which he possessed great expertise.…

As Pîrî Reis University, we have yet to compile a proper Festschrift that would truly honor his memory. I can vividly imagine his reaction to this book with the choice of a few colorful words. Nevertheless, I take solace in having contributed at least to this proceedings volume in his name. Among his close colleagues at the Pîrî Reis University Faculty of Law, we continue to honor and cherish his legacy every day……

Navigating the Debate on Expanding The Cape Town Convention to Cover Security Interests Over Ships

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I.Introduction