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How would proposed changes to the UK's airline insolvency regime affect aircraft financiers and lessors?

United Kingdom, European Union - July 11 2019 English law, including English insolvency law, is very pro-creditor. So pro-creditor that British Airways was able, in 2013, to raise over...

Alexander Hewitt.

One test or two? Insolvency events of default after Eurosail (continued)

United Kingdom - September 1 2016 Facility agreements almost always contain events of default based on a borrower's insolvency. Defining insolvency is therefore key. In this article...

Restructurings - don't forget the tax man

United Kingdom - December 11 2014 When undergoing a restructuring, a borrowerofficeholder's main focus is often the company's lenders. However, there are occasions when HMRC's...

Sonia Jordan.

Foreign companies and schemes of arrangement: an update

United Kingdom - December 5 2013 English schemes of arrangement (Schemes) have become a useful and established procedure for restructuring the debts of foreign companies incurred...

Rachel Anthony.

Insolvency events of default - lenders test the boundaries

United Kingdom - July 9 2013 The insolvency of the borrower is a standard event of default in facility agreements. As well as covering the borrower's cash flow insolvency, these...

Adam Pierce.