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Conference on MAC and Rail Protocols in Domestic Secured Transactions Law

Explore the relationship between MAC and Rail Protocols and Domestic Secured Transactions Law with leading industry experts. Topics include points of interaction, limitations, special regimes, registrations, and more.

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Conference on MAC and Rail Protocols in Domestic Secured Transactions Law

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  1. Oxford September 10-11, 2019 Cape Town Convention Academic Project – 8th Conference Relationship between MAC and Rail Protocols and Domestic Secured Transactions Law Chair: ProfessorLouiseGullifer, University of Oxford Teresa Rodríguez de las Heras Ballell Professor of CommercialLaw, Universidad Carlos III de Madrid teresa.rodriguezdelasheras@uc3m.es Of Counsel, Andersen Tax & Legal

  2. MAC and Rail Protocols Points of interaction Scope: coveredequipment (HS / chosenAnnex/ definition rail) Limitations, gaps, and exclusionsfromProtocols TransactionscoveredbyProtocols Specialregimes and/orspecialregistriesexcludedfromdomestic general securedtransactionslaw Referral to applicabledomesticlawbytheProtocols (i.e. procedural laws) Declarations (opt-out) - including ‘internaltransactions’ declaration Domesticlaw in ContractingStates (domesticsecuredtransactions and relatedlaws)

  3. Overview MAC and Rail Protocols Points of interaction: selectedthemes Immovable-associatedequipment Scope Registration Domesticlaw in ContractingStates

  4. 1.- Scope • Notcoveredbylisted HS codes • Notcoveredby rail definition • Lowvalueequipment A). Types of equipment B). Limited to equipment C). TransactionscoveredbyProtocols

  5. 1.- Scope • Notcoveredbylisted HS codes • Notcoveredby rail definition • Lowvalue A). Types of equipment B). Limited to equipment C). TransactionscoveredbyProtocols • Not IP • Notallreceivables • Extent of proceeds

  6. 1.- Scope • Notcoveredbylisted HS codes • Notcoveredby rail definition • Lowvalue A). Types of equipment B). Limited to equipment • Not IP • Notallreceivables • Extent of proceeds • Separatedaccessories Art. I.2.a/b/c. MAC equipment” meansanobjectthatfallsunder a HarmonizedSystemcodelisted in Annex 1/2/3 to theProtocol, includingallinstalled, incorporatedorattachedaccessories, components and partswhich do notfallwithin a separateHarmonizedSystemcodelisted in thatAnnex, and all data, manuals and records relatingthereto

  7. 1.- Scope • Notcoveredbylisted HS codes / selectedAnnex/es • Notcoveredby rail definition • Pre-existingrights A). Types of equipment B). Limited to equipment C). TransactionscoveredbyProtocols • Not IP • Notreceivables • Extent of proceeds • Separatedaccesories • WidercoveragebytheProtocols • Specialregimes in domesticlawsforcertaintransactions • Treatment as securedtransactionsbydomesticlawsmayvary(leasing laws, reservation of title) formal orfunctionalapproach

  8. 2.- Registration • Sanctionfornotregistering in domesticregistry • Costs and benefits of doubleregistration • Choices of thecreditor • Effects in insolvency and remedies • Debtor-based v. asset-basedregistries A). Domestic and internationaleffects of registration: doubleregistration B). Interconnectionbetweendomesticregistries and IR C). Notices of sale

  9. 2.- Registration B). Interconnectionbetweendomesticregistries and IR Foster implementation of domesticelectronicregistries Interacting / interconnecting Replacingorcomplementing

  10. 2.- Registration Range of technologicalsolutions and interconnectionpossibilities… and CTC tenets B). Interconnectionbetweendomesticregistries and IR Annotations in domesticregistries Interface forsearch and access to data Real-time interconnectionbetweenregistries Domestic Registrar consultation/caveat (in somejurisdictions) Electronicplatforms Interacting / interconnecting

  11. 2.- Registration • Sanctionfornotregistering in domesticregistry • Costs of doubleregistration and duplication • Effects in insolvency and remedies A). Domestic and internationaleffects of registration: doubleregistration B). Interconnectionbetweennationalentrypoints and IR C). Notices of sale • Anyeffect in domesticlaw? • Anyeffectregardingacquisition of goodtitlebyotherparty? • Anypracticaleffect in domesticlaw?

  12. Oxford September 10-11, 2019 Relationship between MAC and rail protocols and domestic secured transactions law Chair: ProfessorLouiseGullifer, University of Oxford Teresa Rodríguez de las Heras Ballell Professor of CommercialLaw, Universidad Carlos III de Madrid teresa.rodriguezdelasheras@uc3m.es Of Counsel, Andersen Tax & Legal

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