The Corporate Transparency Act (“CTA” or the “Act”) comes into effect on January 1, 2024. Enacted by Congress as part of the Anti-Money Laundering Act of 2020, the CTA requires certain entities, domestic and foreign, to...more
Apollo Settles Alleged Sanctions Violations: Aircraft Lessors Pay Attention -
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has broad delegated authority to administer and enforce the...more
12/20/2019
/ Aircraft Sales ,
Aviation Industry ,
Civil Monetary Penalty ,
Compliance ,
Economic Sanctions ,
Foreign Policy ,
International Emergency Economic Powers Act (IEEPA) ,
Know Your Customers ,
Office of Foreign Assets Control (OFAC) ,
Restrictive Covenants ,
Sanction Violations ,
SDN List ,
Sudan ,
Trading with the Enemy Act
History of Residual Value Guarantees -
In the late 1990s and early 2000s, manufacturers like Bombardier and Embraer increasingly began offering residual value guarantees (RVGs) to airlines and investors, typically...more
12/20/2019
/ Aircraft Financing ,
Aircraft Sales ,
Airlines ,
Beneficiaries ,
Breach of Contract ,
Commercial Leases ,
Investors ,
Lessor ,
Manufacturer Liability ,
Motion to Dismiss ,
Participation Agreements