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AbstractThis article examines the creative aspects of a range of international commercial law instruments which have in common that they seek to bypass traditional doctrine in order to increase commercial efficiency and ease of transacting. In short, the purpose of the harmonising measure is functional in that it seeks to overcome a serious obstacle to cross-border trade by providing commercially sensible solutions to typical problems regardless whether this disturbs established legal theory, which should always the servant of the law, not its master. Creativity applies not only to the formulation of an instrument but also to its interpretation. Those entrusted with preparing a commentary on the detail of such an instrument are likely to face difficult issues of interpretation which may take years to surface and may only be resolved by a willingness to risk error in order to provide the reader with clear guidance rather than sheltering behind the presentation of alternative interpretations, while at the same time resisting the temptation to ascribe to words in a convention the meaning they would have under one's own national law.At least one of the instruments examined was conceptually flawed; it is mentioned to highlight the danger of over-ambition in delineating the sphere of application of the convention concerned. Undisciplined creativity comes at a cost. Another convention, and a highly successful one, is referred to only to demonstrate the value of creative ambiguity.

It is a remarkable circumstance that with a few honourable exceptions all writers on international law in general and treaty law in particular focus exclusively on public law treaties. Private law conventions, including those involving commercial law and the conflict of laws, simply do not come into consideration. Yet such conventions, like public law conventions, are treaties between States and are governed by the 1969 Vienna Convention on the Law of Treaties and many of them are of great significance. Their distinguishing feature is, of course, that while only States are parties, private law conventions deal primarily, and often exclusively, with the rights and obligations of non-State parties. So while the treaty is international it does not for the most part commit a Contracting State to any obligation other than that of implementing the treaty in domestic law by whatever method that State's law provides, if it has not already done so prior to ratification.

I feel privileged to have been invited to deliver this yearřs FA Mann lecture in succession to a long line of distinguished lawyers who have paid their own tribute to one of the most outstanding German legal émigrés of the 1930s. Francis Mann became a legend in his lifetime for his profound scholarship and his expertise in international and commercial litigation. While still in Germany he had fallen under the spell of the legendary Martin Wolff, the great conflicts lawyer, with whom he was able to resume contact years later in England. Mann himself was to become a leading light in both private and public international law. He had strong views on everything, a few of them decidedly unorthodox. His workThe Legal Aspect of Moneybecame a classic, and he died in bed while correcting the proofs of the fifth edition. Happily, Charles Proctor has taken over the mantle of editing the sixth edition, which has now been published by Oxford University Press. Full details of the contributions to English law by Wolff, Mann and other outstanding German émigré lawyers will be found in a collection of essays in a fine new publication,Jurists Uprooted, edited by Sir Jack Beatson and Professor Reinhard Zimmerman.

Abstract: The 2001 Cape Town Convention on International Interests in Mobile Equipment, with the Aircraft Equipment Protocol, is a major new convention which is designed to provide greatly enhanced security for financiers and lessors of aircraft objects, railway rolling stock and space property such as satellites. While previous conventions have provided a uniform conflict of laws rule they do not address the problem of major differences between legal systems, particularly in their attitude to the recognition and enforcement of security interests. The Convention's solution to these problems is radical and imaginative; it is no less than the creation of a wholly sui generis international interest which derives its force from the Convention, not from national law, which is perfected by registration in an International Registry and which upon registration is accorded priority over subsequently registered interests and unregistered interests and is given protection in the event of the debtor's insolvency. This paper, after describing the sphere of application of the Convention, analyses the nature of the international interest for which it provides and the relationship between that interest and interests arising under national law.

The last few decades have seen a substantial growth in what has become known as transnational commercial law, by which I mean that body of commercial law principles and rules, from whatever source, which is common to a number of legal systems. The various types of harmonisation fall broadly into four groups, each possessing its own implementing agency:

The study of what has become known as transnational commercial law is fraught with hazards. What do we mean by transnational commercial law? Is it the same as the lex mercatoria or something broader? What are its sources? Can we identify general principles of commercial law and, separately, uncodified international trade usage? If so, what happens to these principles when they become embodied in convention or contractually incorporated uniform rules? Do they disappear, maintain a parallel existence in their original form or change their shape to match the convention or rules? And how far do conventions and rules either evidence pre-existing principles and usages or influence the creation of new ones?