Malta to ratify Cape Town Convention
Jan 22nd, 2010 | By maltainc | Category: Aviation Sector, Back Office Services, Information Communication Technology, Malta's competitive advantage, TaxationFollowing recommendations made by a legal group commissioned by the Ministry for Infrastructure, Transport and Communications the government is proposing to ratify and implement the Cape Town Convention on International Interests in Mobile Equipment and the Aircraft Protocol thereto (which taken together are commonly referred to as the Cape Town Convention).
The decision was taken on the back of a wider objective which the government has set for itself, namely to mirror the success achieved in the maritime sector by building an aircraft registry of repute and attracting foreign aircraft owners and operators to register their aircraft in Malta. Indeed, draft legislation has already been produced to this end and a bill entitled The Aircraft Registration Act has been made available for public consultation and is at its final drafting stages. So how does the Cape Town Convention help the cause? [...]
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