Between 11 – 12 April 2024, the International Institute for the Unification of Private Law (UNIDROIT) hosted the 6th session of the Preparatory Commission of the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Mining, Agricultural and Construction Equipment (MAC Protocol). The 6th session took place in hybrid format and was attended by 33 participants.
The Preparatory Commission was established to act as Provisional Supervisory Authority until entry into force of the treaty, pursuant to Resolution 1 of the MAC Protocol Diplomatic Conference (Pretoria, 11 – 22 November 2019). The Preparatory Commission operates under the guidance of the Governing Council and General Assembly of UNIDROIT.
The Preparatory Commission has three key responsibilities:
(a) Selection of a Registrar to operate the MAC Protocol International Registry
(b) Establishment of a Supervisory Authority
(c) Preparation of the first edition of the International Registry Regulations
Customarily, the Preparatory Commission also plays an important role in encouraging States to sign, implement and ratify the Protocol.
At the sixth session, the Preparatory Commission (i) considered the draft registry contract, (ii) designated UNIDROIT as the Supervisory Authority of the international registry to be established under the MAC Protocol, and (iii) approved an amended version of the draft registry regulations.
More information on the MAC Protocol and its Preparatory Commission is available on the UNIDROIT website.