D

DECLARATIONS LODGED BY THE REPUBLIC OF SOUTH AFRICA UNDER THE RAIL PROTOCOL AT THE TIME OF THE DEPOSIT OF ITS INSTRUMENT OF RATIFICATION

DECLARATIONS
LODGED BY THE REPUBLIC OF SOUTH AFRICA UNDER THE RAIL PROTOCOL AT THE TIME OF THE DEPOSIT OF ITS INSTRUMENT OF RATIFICATION

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

 

Declaration under Article XXVII (1) with respect to Article VI

The Republic of South Africa declares that it shall apply Article VI

 

Declaration under Article XXVII (1) with respect to Article X

The Republic of South Africa declares that it shall apply Article X

 

Declaration under Article XXVII(2) with respect to Article VIII

The Republic of South Africa declares that it will apply Article VIII in its entirety and that the time period required thereby is-

(a) in respect of the remedies specified in Article 13(1)(a)-(c) of the Convention, no more than ten (10) calendar days; and

(b) in respect of the remedies specified in Article13(1)(d)-(e) of the Convention, no more than thirty (30) calendar days.

 

Declaration under Article XXVII (3) with respect to Article IX, which provides for the application of Alternative C of the latter to all types of insolvency proceeding

The Republic of South Africa declares that it will apply article IX, Alternative C to all types of insolvency proceeding, that the number of calendar days for the purposes of Article IX(5) shall be thirty (30) calendar days, ant that the “cure period” specified in Article IX(15) shall be thirty (30) calendar days.

 

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Declarations lodged by the Republic of South Africa the Cape Town Convention