The Contribution of the Pretoria Protocol to the Finance of Equipment in Developing Countries

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Cambridge Law Faculty
Published at : 27 Jan 2021
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This joint 3CL/CPLC Webinar: 'Pits, Ploughs and Plant – The Contribution of the Pretoria Protocol to the Finance of Equipment in Developing Countries' was presented by Professor Louise Gullifer, and delivered by Professor Sir Roy Goode (University of Oxford).

Abstract: The Cape Town Convention and its associated Protocols, in prescribing uniform substantive law rules governing the secured financing of aircraft objects, railway rolling stock, space assets and, under the Pretoria Protocol, mining, agricultural and construction equipment, by providing greater security to creditors, facilitate access to credit and reduce borrowing costs, particularly in developing countries, where, for example, lack of funds to buy tractors has meant that much farming has to be done manually. This lecture will examine key provisions.

Bio: Professor Sir Roy Goode CBE QC FBA is Emeritus Professor of Law in the University of Oxford and Emeritus Fellow of St John's College, Oxford. He was formerly the Crowther Professor of Credit and Commercial Law at Queen Mary, University of London, where he was the founder and first director of the Centre for Commercial Law Studies. The author of many widely used textbooks in the field of commercial law, including Commercial Law, Principles of Corporate Insolvency Law and Legal Problems of Credit and Security , Roy Goode, a former solicitor, moved to the Bar in 1988 and was appointed Queen's Counsel two years later. He is an Honorary Bencher of the Inner Temple. A Fellow of the British Academy, he holds the degrees of LLD (Lond.) and DCL (Oxon), as well as honorary doctorates from the Universities of London and East Anglia and from the College of Law (now the University of Law).

Roy Goode has played a leading role in the development and conclusion of a number of international Conventions and Protocols, and is the author of the three Official Commentaries on the Cape Town Convention on International Interests in Mobile Equipment and its associated Protocols on aircraft objects, railway rolling stock. space assets and, in draft, the Pretoria Protocol. He also provided the blueprint for the Security Interests (Jersey) Law 2012 on security interests in intangible movables and its prospective extension to tangibles.

For more information, and resources to accompany the talk, please see: https://www.3cl.law.cam.ac.uk/press/events/2020/11/joint-3clcplc-webinar-pits-ploughs-and-plant-contribution-pretoria-protocol-finance-equipment
ContributionPretoriaProtocol

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