97-33626. Proposed Unidroit Convention and its Aircraft Protocol Meeting Notice  

  • [Federal Register Volume 62, Number 247 (Wednesday, December 24, 1997)]
    [Notices]
    [Pages 67427-67428]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 97-33626]
    
    
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    DEPARTMENT OF STATE
    
    [Public Notice No. 2669]
    
    
    Proposed Unidroit Convention and its Aircraft Protocol Meeting 
    Notice
    
    AGENCY: Department of State.
    
    ACTION: Notice is hereby given of an Advisory Committee meeting to be 
    held on Thursday, February 26 starting at 9:00 a.m. in the Civil 
    Aeromedical Institute auditorium, Room 254, located at 6500 S. 
    MacArthur Blvd, Oklahoma City, Oklahoma. The meeting will end at or 
    before 1:00 p.m. on February 26. There may be an afternoon session from 
    2:00 p.m. to 5:00 p.m. for further discussion.
    
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        Attendence: The meeting is open to the public, free of charge, and 
    is limited to available seating. It may be of interest to persons 
    associated with the selling, leasing, and financing of aircraft and 
    aircraft engines, including persons who search title, give title 
    opinions, submit conveyances for recordation to the FAA Aircraft 
    Registry, or otherwise participate in aircraft financing.
        Nature: The meeting is intended only to provide information. No 
    formal record will be made. No written comments will be accepted from 
    the audience.
        Agenda:
        (1) Introductory remarks.
        (2) Purpose of UNIDROIT Convention.
        (3) Status of actions taken (UNIDROIT Convention and Aircraft 
    Protocol).
        (4) Summary of UNIDROIT Convention with emphasis on registration of 
    international interests.
        (5) Summary of Aircraft Protocol.
        (6) Relationship of UNIDROIT Convention to existing laws and 
    treaties.
        (7) Question and Answer Period.
        Background: The United States Government, through the United States 
    Department of State, has been participating with other nations in 
    studying a proposed multilateral convention (UNIDROIT Convention) to 
    protect international secured interests in mobile equipment, including 
    aircraft.
        A preliminary draft of the UNIDROIT Convention will be submitted to 
    the UNIDROIT Governing Council in early 1998. Thereafter, it is 
    expected that the draft will be circulated to States to determine 
    whether to proceed to intergovernmental negotiations to conclude the 
    Convention.
        As proposed, the UNIDROIT Convention would not take effect unless a 
    protocol has been adopted for a specific category of mobile objects. In 
    that regard, UNIDROIT's Aircraft Equipment Protocol Group has completed 
    a preliminary draft protocol
    
    [[Page 67428]]
    
    which would pertain to certain large airframes and large helicopters, 
    and jet and turbine engines.
        The UNIDROIT Convention and Aircraft Equipment Protocol together, 
    when and if adopted and enacted into law by contracting states would 
    provide a comprehensive international system to protect leasing and 
    financing interests. Significant features might include default 
    remedies, priorities, and establishment of an international 
    registration system to register (record) international consensual 
    interests, non-consensual interests, assignments, prospective 
    assignments, and subordinations.
        It is anticipated that the international registration system would 
    be primarily an electronic notice system. As proposed, the 
    international registration system is not intended to interfere with 
    countries' existing national registration and recordation systems 
    (e.g., Parts 47 and 49 of the Federal Aviation Regulations).
    
    FOR FURTHER INFORMATION CONTACT:
    Joseph R. Standell, Aeronautical Center Counsel, Federal Aviation 
    Administration, P.O. Box 25082, Oklahoma City, OK 73125, telephone 
    number (405) 954-3296; fax number (405) 954-4676.
    
        Dated: December 17, 1997.
    Harold S. Burman,
    Executive Director, Secretary of State's Advisory Committee on Private 
    International Law, United States Department of State.
    [FR Doc. 97-33626 Filed 12-23-97; 8:45 am]
    BILLING CODE 4701-08-M
    
    
    

Document Information

Published:
12/24/1997
Department:
State Department
Entry Type:
Notice
Action:
Notice is hereby given of an Advisory Committee meeting to be held on Thursday, February 26 starting at 9:00 a.m. in the Civil Aeromedical Institute auditorium, Room 254, located at 6500 S. MacArthur Blvd, Oklahoma City, Oklahoma. The meeting will end at or before 1:00 p.m. on February 26. There may be an afternoon session from 2:00 p.m. to 5:00 p.m. for further discussion.
Document Number:
97-33626
Pages:
67427-67428 (2 pages)
Docket Numbers:
Public Notice No. 2669
PDF File:
97-33626.pdf