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Results: 11-20 of 51

A new year’s resolution after a noughty year end?
  • Norton Rose Fulbright 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


BAA update - successful appeal against Competition Commission break-up decision
  • Norton Rose Fulbright LLP
  • United Kingdom
  • December 23 2009

On 21 December 2009, the UK Competition Appeal Tribunal (the CAT) handed down its judgment upholding part of BAA’s appeal against the report prepared by the UK Competition Commission (the CC) in its market investigation into BAA airports


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


Judicial clarification of the choice of law rules for aircraft mortgages: how a mortgage may be effective in one jurisdiction but ineffective in another
  • Norton Rose Fulbright LLP
  • United Kingdom
  • April 14 2010

The English High Court has recently held that: it is the lex situs (that is, the laws of the jurisdiction where the relevant asset is situated at the time that the interest is created) which determines whether a property interest, such as a mortgage, is effectively created over that asset


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


Airports regulation
  • Norton Rose Fulbright LLP
  • United Kingdom
  • March 31 2009

On 19 March 2009 the Competition Commission (CC) announced its final decision in its two-year investigation into BAA


You’re on your own: US-style class actions for competition cases in England ruled out
  • Norton Rose Fulbright LLP
  • United Kingdom
  • April 16 2009

On 8 April 2009 the Chancellor of the High Court gave judgment in an interim application in Emerald Supplies Ltd and Another v British Airways plc 2009 EWHC 471, holding that two victims of a cartel could not bring a representative action on behalf of all other victims of the cartel, as well as for their own loss


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


Possible changes to the UK VAT exemption for aircraft
  • Norton Rose Fulbright LLP
  • United Kingdom
  • October 27 2009

In the Summer edition of the Legalflyer we alerted readers to a possible change in the UK VAT zero rating for aircraft