Key takeaways

• On May 25, 2011 Russia acceded to the Convention on International Interests in Mobile Equipment and the Protocol to the Convention on Matters Specific to Aircraft Equipment (together, the "Cape Town Convention"). 
• The Cape Town Convention is designed to create an international framework for the formation, registration (through an International Registry), protection and enforcement of certain international interests in airframes, aircraft engines and helicopters. 
• The Cape Town Convention applies in Russia with effect from September 1, 2011.