Declarations deposited under the Luxembourg Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific To Railway Rolling Stock regarding Article XXVII

 

Paraguay

Declaration on Article XXVII (1) with respect to Article VI
The Republic of Paraguay declares that it shall apply Article VI

Declaration on Article XXVVII (1) with respect to Article X
The Republic of Paraguay declares that it shall apply Article X

Declaration on Article XXVVII(2) with respect to Article VIII
The Republic of Paraguay declares that it will apply Article VIII in its entirety and that the number of working days for the purposes of the time limits set forth in Article VIII, paragraph 2, shall be, with respect to the legal remedies provided for in Article 13, paragraph1, (a), (b), (c), (d), and (e) of the Convention (preservation of the object and its value; possession, control or custody of the object; immobilization of the object; leasing or management of the object and its proceeds; sale and application of the proceeds of the sale), ten (10) calendar days for the judicial proceeding in relation to the legal remedies provided for in Article 13, paragraph1, (a) to (c), and thirty (30) calendar days for the judicial proceeding in relation to the exercise of the legal remedies provided for in Article 13, paragraph 1, (d) and (e).

Declaration on Article XXVVII (3) with respect to Article IX, which provides for the application of Article IX, Alternative A, to all types of insolvency proceedings
The Republic of Paraguay declares that it shall apply article IX, Alternative A, to all types of insolvency proceedings and that the waiting period for the purposes of Article IX (4) of that Alternative shall be thirty (30) calendar days.

Declaration of the Republic of Paraguay under Article 60(1) of the Cape Town Convention as applied only to the Luxembourg Rail Protocol
The Republic of Paraguay declares that the following declaration on Article 60(1) of the Convention applies only to the Luxembourg Rail Protocol.
The Republic of Paraguay declares that the Convention shall become applicable to a pre-existing right or interest for the purpose of determining priority, including the protection of any existing priority, on the date following the third anniversary of the date on which this declaration becomes effective.

[The declarations under Article XXVII(1),(2) and (3), deposited on 27 November 2024, will enter into force on 1 March 2025]

 

Sweden
Declaration under Article XXVII(1)
The Government of the Kingdom of Sweden declares that Sweden will apply Article X.