Article 35(1). The fact that an interest is not one to which the Convention applies does not mean that itis unaffected by the Convention, only that the interest
does not qualify for protection under the Convention.
So Article 29(1) provides that a registered interest (i.e. an
interest registered under the Convention) has priority
over an unregistered interest, and this is so even if the
latter is incapable of registration because it is outside the
scope of the Convention. The same rule applies to an
assignment (Article 35(1)).