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Friday, February 19 • 14:25 - 14:40
Why the Luxembourg Protocol will make a difference
The Luxembourg Rail Protocol to the Cape Town Convention on International Interests in Mobile Equipment is not yet in force but it is coming soon. This international treaty will make it much easier for the private sector worldwide to provide finance for acquisition of rolling stock by operators and rail lessors. It would not just facilitate more and cheaper finance but it would open the way for new types of financing which will in turn help make the rail industry more competitive and move the industry towards a more standardised procurement process.

avatar for Howard Rosen

Howard Rosen

Chairman, Rail Working Group
Howard studied law at Oxford University, qualified as an English solicitor in 1980, and since 1989 has led a boutique law firm, Howard Rosen Solicitors, in Zug, Switzerland, specialising in international commercial and finance law, with a particular emphasis on rail finance. Since 1996 he has been chairman of the Rail Working Group, a world-wide not for profit industry association, constituted by UNIDROIT, which is dedicated to the... Read More →