Cape Town Convention and its Protocols. Advantages and Risks of Joining MAC Protocol

The Cape Town Convention on International Interests in Mobile Equipment (Convention, CTC) aims to create a unified legal regime that allows securing the performance of obligations in the field of international lending. For today, the Russian Federation has ratified the CTC and the Aircraft Protocol and is considering participating in the MAC Protocol. The scope of regulation of this document applies to a wide range of equipment: mining, agricultural, construction (MAC equipment), which is a significant part of the Russian economy.

The purpose of this study is to consider the advantages and risks of accession to the MAC Protocol for the Russian Federation and to determine possible ways to offset the risks.

Analysis of international security mechanisms and their correlation with the relevant national regulation is important to find the most harmonious and effective approach to protecting the interests of creditors, regardless of their national status.

The results of the study can be used to make a decision on the ratification of the MAC Protocol and to choose the most optimal ratification conditions for the Russian Federation and the Russian market participants.