LODGED BY THE KINGDOM OF BHUTAN UNDER THE CAPE TOWN CONVENTION AT THE TIME OF THE DEPOSIT OF ITS INSTRUMENT OF ACCESSION
Form No. 1 (Specific declaration under Article 39(1)(a))
The Kingdom of Bhutan declares that the following categories of non-consensual right or interest have priority under its law over an interest in an object equivalent to that of the holder of a registered international interest and shall have priority over a registered international interest, whether in or outside insolvency proceedings and whether registered before or after Bhutan’s accession.
(a) liens in favour or airline employees for unpaid wages arising since the time of a declared default by that airline under a contract to finance or lease and aircraft object;
(b) liens or other rights of an authority of India relating to taxes or other unpaid charges arising from or related to the use of that aircraft object and owed by the owner or operator of that aircraft object, arising since the time of a default by that owner or operator under a contract to finance or lease that aircraft object; and
(c) liens in favour or repairers and suppliers of an aircraft object in their possession to the extent of service or services performed on and value added to that aircraft object.
Form No. 13-A (Mandatory declaration under Article 54(2) applicable to all relevant remedies)
The Kingdom of Bhutan declares that all remedies available to the creditor under the Convention which are not expressed under the relevant provision thereof to require application to the court may be exercised without leave of the court.
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.