INTERNATIONAL: Regulis, the registrar designate for the Luxembourg Rail Protocol, has been acquired from SITA by Canadian company Information Services Corp.
The 2007 Luxembourg Protocol to the Cape Town Convention on International Interests in Mobile Equipment has been developed to create a global legal regime for the recognition of creditors’ interests in railway equipment. OTIF, the Intergovernmental Organisation for International Carriage by Rail, has been designated to act as secretariat for the intergovernmental Supervisory Authority, while Regulis was established to develop and manage the associated International Registry for Railway Rolling Stock for an initial contract period of 10 years.
OTIF Secretary General Wolfgang Küpper said on January 18 that ‘with its strong documented financial position and extensive experience in establishing, operating and enhancing registry systems, ISC fully meets the expectations in regard to the operation of the International Registry’.
‘Developing and operating public registries is the reason ISC was created, and our focus remains on building modern registries that meet the unique needs of our clients and their customers’, added ISC President & CEO Shawn Peters.
