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Results: 11-20 of 20

Proposed changes to lease accounting rules

  • Norton Rose Fulbright 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

Aircraft leases outside scope of UCTA?

  • Norton Rose Fulbright 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

Competition Commission’s provisional findings - divestiture of three BAA airports recommended

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • August 20 2008

The Competition Commission (CC) today announced its Provisional Findings in relation to its ongoing Market Investigation of BAA’s ownership of seven UK airports

Alpstream AG and Others v (1) PK Airfinance SARL (PK), and (2) GE Capital Aviation Services Limited (GECAS) 2013 EWHC 2370 (Comm)

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • November 13 2013

When exercising the power of sale under a mortgage, a mortgagee has a duty to obtain the "best price reasonably obtainable" for the sale of the

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

  • Norton Rose Fulbright 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

Reform of air passenger duty

  • Norton Rose Fulbright 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

Competition Commission’s emerging thinking finds BAA’s common ownership of airports adversely affects competition

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • April 22 2008

Following on from the CAA’s recent decision on 2008-13 price controls for Heathrow and Gatwick, the regulatory spotlight remains firmly on BAA

Material Adverse Change

  • Norton Rose Fulbright 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

Aviation sector is more pessimistic than rail and shipping about the economic climate

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • September 10 2009

The aviation sector is the most pessimistic about the economic climate

Modern Slavery Bill and aviation

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • October 23 2014

Whilst you may be horrified at the thought of being accused of involvement in human trafficking, it is clear that the Modern Slavery Bill (the Bill