Victory (again) for aircraft lessors in Olympic Airlines versus ACG case
Matthew Harvey of Sarah Dyke of SNR Denton looked at the lastest lessons from the Olympic Airlines vs. ACG case
Matthew Harvey of Sarah Dyke of SNR Denton looked at the lastest lessons from the Olympic Airlines vs. ACG case
It is possible for parties to an aircraft financing who register international interests in the aircraft (or its engines) at the Cape Town International Registry (IR) to transfer to somebody else the right to clear those registrations off the IR. This is known as transferring the right to discharge an international interest. Sometimes it is advisable to arrange for this transfer on an aircraft financing. Matthew Harvey and Sarah Dyke look at when and why this is the case.
Deposits are commonplace and a feature of all transactions. However, there can often be uncertainty about who is entitled to the deposit if a deal does not go ahead writes SNR Denton’s Matthew Harvey and Sarah Dyke.
The aircraft finance and leasing community has been eagerly awaiting the ruling in ACG v. Olympic [2012] EWHC 1070 and the impact the ruling may have on drafting aircraft leases and managing deliveries writes Sarah Dyke and Matthew Harvey, partners at SNR Denton.
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.
Sarah Dyke is a partner in the banking and finance department of SNR Denton’s London office and has a broad experience in private aviation.
Matthew Harvey is a partner at SNR Denton in London and is, according to one large helicopter operator, “probably the best commercial lawyer in helicopter leasing and finance.”
With the Middle East, Asia and North Africa set to be key growth markets for jets the Islamic business jet finance market is likely to grow significantly over the next decade.