ASSET IDENTIFICATION UNDER THE CAPE TOWN CONVENTION AND PROTOCOLS

Secured transactions law has also generated much law and economics literature as well as attention by national and international regulators concerned with the capital adequacy of banks. Here, Goode discusses asset identification under the 2001 Convention on International Interests in Mobile Equipment, the Cape Town Convention, and its associated Protocols. The Convention provides for the creation, perfection, and priority of international interests in high-value mobile equipment. This equipment requires huge financing, but there have thus far been no uniform, substantive laws at the international level to protect the interests of secured creditors and those supplying mobile equipment under title reservation and leasing agreements.