The Council of Europe's Convention on Cinematographic Co-production came into force in 1994. The Convention has been ratified by more than twenty European countries, including the UK. As with the official co-production treaties, a production that is produced in accordance with the terms of the Convention will be entitled to receive national status and national benefits from each of the co-producing countries.
If one of the co-producers is a British company, the film will be entitled to receive certification as a British film and, accordingly, the producer will be entitled to benefit deriving from a sale and leaseback transaction.
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