The legislative “black hole” in aircraft creditors’ rights in Canada: Pre-Cape Town Convention interests

What you need to know

The entry of the Cape Town Convention into force under Canadian law is a positive step, but has led to a legislative “black hole” in the protection provided to certain aviation creditors, bringing with it considerable uncertainty and potentially expensive ramifications.

The Cape Town Convention in Canada

Filed under:
Canada, Asset Finance, Aviation, Insolvency & Restructuring, Dentons, Bankruptcy and Insolvency Act 1985 (Canada), Personal Property Security Act 1990 (Canada)
Authors:
Carlo Vairo
Location:
Canada
Firm:
Dentons