LODGED BY THE ARGENTINE REPUBLIC UNDER THE CAPE TOWN CONVENTION
AT THE TIME OF THE DEPOSIT OF ITS INSTRUMENT OF ACCESSION*
The Argentine Republic declares:
1. With respect to Article 39, paragraph 1(a):
All categories of non-consensual right or interest which under the laws of the Argentine Republic have priority over an interest in an object equivalent to that of the holder of a registered interest, shall have priority over a registered international interest, whether in or outside insolvency proceedings.
2. With respect to Article 39, paragraph 1(b):
Nothing in the Convention shall affect the right of the Argentine Republic or that of any State entity thereof, any intergovernmental organisation of which the Argentine Republic is a member State, or other private provider of public services in the Argentine Republic to arrest or detain an object under the laws of the State for payment of amounts owed to such entity, organisation or provider directly relating to those services in respect of that object.
3. With respect to Article 39, paragraph 4:
A right or interest of a category of transactions covered by the declaration made under Article 39, paragraph 1(a) shall have priority over an international interest registered prior to the date of the instrument of accession.
4. With respect to Article 53:
The Argentine Republic declares that all competent courts of the Argentine Republic, as determined in accordance with the laws and regulations of the judicial system of the Argentine Republic, are the relevant courts for the purposes of Article 1(h) and Chapter XII of this Convention.
5. With respect to Article 54, paragraph 2:
The Argentine Republic declares that any remedy available to the creditor under any provision of this Convention and the Protocol may be exercised only with leave of the court, except for the remedy provided for in Article XIII of the Protocol, which may be exercised without leave of the court.
*The original version of these declarations was submitted in Spanish
The International Institute for the Unification of Private Law (UNIDROIT) is an independent intergovernmental Organisation with its seat in the Villa Aldobrandini in Rome. Its purpose is to study needs and methods for modernising, harmonising and co-ordinating private and in particular commercial law as between States and groups of States and to formulate uniform law instruments, principles and rules to achieve those objectives.