1. Introduction1
The Cape Town Convention on International
Interests in Mobile Equipment (the ‘Convention’
or ‘CTC’ synonymously) introduces, together
with the Protocols thereto (the ‘CTCinstruments’,
‘CTC-regime’ or ‘CTC-system’),
a new substantive law institution in the form
of an ‘international interest’ to improve the
conditions for the financing of high value
mobile equipment. Hence, the very purpose of
the CTC-instruments is not the unification of
municipal jurisdictional, conflict or substantive
law rules but the creation of an optional
transnational property instrument regarding
specific mobile equipment.