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Results: 11-18 of 18

A new year’s resolution after a noughty year end?

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • February 2 2010

For the corporate jet market, the last 18 months of the noughties may have left many clinking in 2010 with a glass of Prosecco rather than a Nebuchadnezzar of Perrier Jouet's Belle Epoque

Does an operating lessee have to pay rent for a defective aircraft?

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • May 14 2010

In ACG Acquisition XX LLC v Olympic Airlines S.A. 2010 EWHC 923 (Comm.), the English High Court was asked to rule on the circumstances in which the defective condition of an aircraft delivered to an airline under an operating lease might entitle the airline to refuse to pay rent for it

Aircraft leases outside scope of UCTA?

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • April 30 2009

A recent judgment of the Commercial Court in London has confirmed advice we routinely give clients, namely that aircraft leases will normally fall outside the provisions of the Unfair Contract Terms Act 1977 (UCTA) because they are deemed to be international supply contracts

The Aviation Greenhouse Gas Emissions Trading Scheme Regulations 2009 and 2010 how they could impact on aircraft operators flying to and from the UK

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • March 31 2010

The 2009 Regulations together with the draft 2010 Regulations (currently under consultation) (the "Regulations") will (once the 2010 Regulations come into effect) transpose into UK law parts of Directive 2008101EC, which amends Directive 200387EC (the "Directive") to include "aviation activities" within the EUETS

Material Adverse Change

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • March 8 2012

We have received an increasing amount of queries regarding Material Adverse Change (MAC) clauses over the last few months, which are a common feature of most facility agreements, leases and mandate letters

Reform of air passenger duty

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • March 8 2012

The coalition Government confirmed on 6 December 2011 that it will go ahead with the proposed extension of air passenger duty (APD) announced in the Autumn Statement

Olympic Airways judgment 2 May 2012

  • Norton Rose Australia
  • -
  • United Kingdom
  • -
  • September 26 2012

In May 2010 we reported on the application for summary judgment in ACG Acquisition XX LLC v Olympic Airlines S.A. 2010 EWHC 923 (Comm

Proposed changes to lease accounting rules

  • Norton Rose LLP
  • -
  • United Kingdom
  • -
  • April 30 2009

The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) have published a joint discussion paper entitled Leases: Preliminary Views, seeking public comments on the proposed new lease accounting standards

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