We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Tipping point: Paraguay's future in the aircraft financing business with the Cape Town Convention.
- Authors
Black Zaldivar, Weldon Walter
- Abstract
Cape Town Convention through the years has become a new standard in international legal framework. Paraguay, with a commercial territory yet to be discovered, is in its path towards significant action. Investment in infrastructure has undergone strategic actions. Thus, without proper regulations for the playing field in an era of globalization, certain barriers will drag commercial hardships both for local and international stakeholders operating in Paraguay. This article, with slight economic evidence, tends to mark the current status in commercial financing and persuade key officials on the need for incorporation of these international instruments. The adequacies for these instruments are suggested in format that solutions are offered for every element retrieved from interviews and academia. The rule of law means better economic development, political participation and safe commercial transaction. Paraguay has a set of proper remedies and procedural alternatives in order to execute contractual matters, giving a sustainable source of enforceability to its legal security. Nevertheless--no surprise here--its system is not risk proof, together with the fact that there is no local recognition of an international registry. In this matter, the two biggest assets that Capetown Convention may offer Paraguay are: a) the creation of the international registry for the filing of the security interest; and b) uniform remedies for any breach of contract. Last, this article intends to be a landmark initiative for a relationship between Cape Town Convention and Paraguay.
- Subjects
INTERNATIONAL law; COMMERCIAL law; RULE of law; CONTRACTS; LEGAL instruments
- Publication
Uniform Law Review, 2017, Vol 22, Issue 1, p213
- ISSN
1124-3694
- Publication type
Article
- DOI
10.1093/ulr/unx013