النتائج (
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Conclusions The Cape Town Convention and the Aircraft Protocol provide the Contracting States with an instrument suitable for making aviation financing more efficient. This can however only be achieved through quite a high acceptance rate. Even though the Convention’s and the Protocol’s purpose is to harmonize the international law on security agreements, setting out outright, hard-law provisions, a sort of opt-in, opt out system of declarations has been created to enable the Contracting State to accede in a way that complies with its national regulation on the matters covered by the Convention and the Aircraft Protocol, including insolvency proceedings, remedies in case of default and interim relief. The result is a very complex system. To create an effective International Interest requires knowledge of how the Convention and the Aircraft Protocol interacts with the applicable law, private international law and to what extent party autonomy can be used. By taking into the account the declarations made by the Contracting State, the prospective parties to an agreement can use this to calculate the risks of entering it, and thereby create the appropriate
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