Archive 2023
Luxembourg Rail Protocol included in new UK Draft Rail Reform Bill
The UK government’s long-awaited Draft Rail Reform Bill, published last week, includes a clause authorising the government to proceed with ratification of the Luxembourg Rail Protocol, subject to appropriate consultation.
The Luxembourg Rail Protocol enters into force
At a ceremony today during a special intergovernmental meeting at the Universal Postal Union in Bern, Switzerland, the Luxembourg Rail Protocol to the Cape Town Convention on International Interests in Mobile Equipment formally entered into force.
12th final session of the Preparatory Commission for the establishment of the International Registry for Railway Rolling Stock
Lunesterline Andriamahatahitry, Head of Administration and finance department, OTIF
Wolfgang Küpper, Secretary General, OTIF
Professor Ignacio Tirado, Secretary General, UNIDROIT
Professor Anna Veneziano, Deputy-Secretary-General, UNIDROIT
Stadler joins the Rail Working Group
Stadler joins the Rail Working Group
Stadler has now become a member of the Rail Working Group (RWG). Founded by Ernst Stadler in Zurich in 1942, Stadler is now a leading global provider of mobility solutions in rail vehicle construction, service and signalling, headquartered in Bussnang, Switzerland.
Uría Menéndez joins the RWG
Uría Menéndez is a leading law firm in the Ibero-American market with 12 offices located in the most important financial centres throughout Europe and the Americas. Founded in 1946, Uría Menéndez has over 600 lawyers who advise on Spanish, Portuguese and EU law in business-related matters, covering all industry sectors.
The Luxembourg Rail Protocol set to enter into force on March 8, 2024
The Luxembourg Rail Protocol to the Cape Town Convention will enter into force in contracting states (Luxembourg, Sweden, Spain and Gabon, and possibly also South Africa and Paraguay), on March 8, 2024.
Dakar Declaration supports adoption of Luxembourg Rail Protocol
The UIC Africa Rail Finance Forum held in Dakar, Senegal, in October issued a key declaration that included unequivocal support for the Luxembourg Rail Protocol to the Cape Town Convention:
Export Credit Agencies (ECAs) urged to treat rail fairly by applying the Cape Town Discount – especially given rail’s green credentials
The RWG is pressing ECAs to do more to support the railways, the most environmentally friendly means of mass transport today. In particular, ECAs should apply the Cape Town Discount of 10% on risk premiums, currently awarded for aircraft financing under the Aircraft Protocol, to rolling stock transactions when the Luxembourg Rail Protocol comes into operation next year.
African Transport Ministers call for the adoption of the Luxembourg Rail Protocol
African Transport Ministers call for the adoption of the Luxembourg Rail Protocol
SOUTH AFRICAN CABINET APPROVES LRP RATIFICATION
SOUTH AFRICAN CABINET APPROVES LRP RATIFICATION On 21st June 2023, the Cabinet of the Republic of South Africa formally approved the submission of the Luxembourg Rail Protocol to the Cape Town Convention to Parliament for ratification. Formal ratification is expected later in the year. In its official statement, the Cabinet emphasised that the Luxembourg Rail […]
