This article does not deal with the relationship between English property and conflict
of laws rules and the rules laid down by the EC Regulation on Insolvency Proceedings, Council Regulation (EC) No 1346/2000, in particular, Articles 2 and 5.
This topic justifies a separate discussion unto itself. However, it should be noted that where the Regulation applies to a cross-border aircraft financing, whether or not the Cape Town Convention also applies, the effect of its rules on an ELM or other security interest expressed to be governed by English law must be considered