International Interests in Mobile Equipment (aircraft equipment) Act

This template provides a detailed explanation of the Uniform Law on International Commercial Assignments, which regulates international commercial assignments of contractual rights. The law defines key terms such as "assignment," "debtor," and "creditor" and outlines the scope of application, including when an assignment is deemed to have occurred.

The law specifies that it applies when the debtor is situated in a Contracting State at the time of the conclusion of the agreement creating or providing for the international interest. The fact that the creditor is situated in a non-Contracting State does not affect the applicability of this Convention.

The law defines where a debtor is situated, considering factors such as incorporation, registered office, statutory seat, centre of administration, and place of business. It also clarifies how to determine the principal place of business or habitual residence if the debtor has multiple places of business or no fixed address.

This template provides a comprehensive overview of the Uniform Law on International Commercial Assignments, highlighting its key provisions and definitions related to international commercial assignments.