Only a uniform set of substantive rules
governing creation, perfection and priority
can resolve these problems. That is what is provided
by the Cape Town instruments, which
lay down a set of basic default remedies, with
speedy relief pending fi nal determination, an
International Registry for the registration of
international interests, a set of priority rules
and a provision for recognition of a registered
international interest in the event of the debtor
going into insolvency proceedings