The UNIDROIT Convention on International Interests in Mobile Equipment: a Belgian PerspectiveThe UNIDROIT Convention on International Interests in Mobile Equipment: a Belgian Perspective
Faculty of Law
Business and Law
Revue européenne de droit privé. - Dordrecht
12(2004):1, p. 75-90
University of Antwerp
Despite the major crisis in Belgian aircraft industry, Belgium has not signed the UNIDROIT Convention on International Interest so far. This contribution analyses the traditional financing techniques which are used within this industry according to national Belgian law, and the compatibility of the Convention with the concepts of Belgian security and finance law. The contribution entails the conclusion that there are no decisive points of incompatibility between the Convention and the system of Belgian law. Hence, it is highly recommendable that Belgian government assumes the economic benefits of the Convention and takes the necessary steps in view of the implementation of the Convention for Belgian aircraft industry.