Social Sciences, asked by neeva1888, 1 year ago

Cape town convention european union ratification

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Answered by DeViKa0506
2
Hey mate..!!

On 28 April 2009, the European Community ratified the Cape Town Convention on International Interests in Mobile Equipment and the Protocol thereto on Matters Specific to Aviation Equipment (together the Convention). The European Community should pass enabling legislation and, if that legislation has direct effect, the Convention will enter into force throughout the European Community (with the exception of Denmark) on 1 August 2009.

The European Community has ratified the Convention as a “regional economic integration organisation” in accordance with Article 48 of the Convention. It has the power to bind the Member States to the extent that it has competence over matters governed by the Convention. The Member States have transferred their competence to the Community as regards matters which affect Council Regulation (EC) No 44/2001 of 22 December 2000 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters (Brussels), Council Regulation (EC) No 1346/2000 of 29 May 2000 on insolvency proceedings (the Insolvency Regulation) and Regulation (EC) No 593/2008 of the European Parliament and of the Council of 17 June 2008 on the law applicable to contractual obligations (Rome I).


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