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Tag "Mark Bisset"

‘EU operators can fly to UK if No Deal Brexit’: UK government

‘EU operators can fly to UK if No Deal Brexit’: UK government

The UK government says that all European airlines – including holders of Air Operator Certificates that operate business jets – will be able to fly into the UK even after a no-deal Brexit. A 155-page No-Deal Readiness Report published today

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Getting deals closed: Top corporate aviation lawyers share their secrets

Lawyers see more business jet and helicopter deals than most people in the market. They also see why many transactions fail. Leading legal counsel from around the world share the secrets of getting deals closed.

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Mark Bisset, Clyde & Co

Mark Bisset, Clyde & Co

Mark Bisset is one of London’s leading business jet lawyers. He regularly acts for lenders (including some of Europe’s busiest business jet financiers), owners and operators.

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Clyde & Co establishes new Asia and Middle East aviation finance practices

Clyde & Co has announced the establishment of new aviation finance practices in Hong Kong and Dubai. Paul Jebely has joined the international law firm from Ashurt in Hong Kong. Oliver Tebitt will move to Clyde & Co’s Dubai office from London.

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UK starts charging VAT on business jets

On 1 January 2011 the UK’s VAT rules in relation to the supply of aircraft, aircraft engines and parts changed substantially.  This followed a ruling by the European Commission that the UK’s previous rules did not correctly implement the provisions of the EU VAT Directive (Council Directive EC 2006/112).

The UK rules previously provided that any supply of an aircraft with a take-off weight exceeding 8,000 kg and which was neither designed nor adapted for recreation and pleasure should be zero-rated (and the rule applied also to engines and parts for such an aircraft).  However, the zero-rated treatment provided for in the EU VAT Directive is tested by reference to the airline rather than the aircraft, applying to supplies of aircraft and parts that are “used by airlines operating for reward chiefly on international routes”.  This test has now been implemented in the UK by section 21 of the Finance (No.3) Act 2010.  

Clyde & Co’s Mark Bisset and Phil Norton outline the main issues for owners of business jets.

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The Chinese business jet market

Everyone knows that China could be the world’s most important business jet market but regulations and import taxes make it a difficult jurisdiction for business and general aviation aircraft. Mark Bisset, a partner at law firm Clyde & Co, is optimistic that the use of business jets in China will grow quickly.

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