Court Cautious on Sanctions and Letters of Credit -
The Court of Appeal has delivered a decision in Celestial Aviation Services Ltd. v. UniCredit Bank GmbH, London Branch1 in relation to whether UniCredit could withhold...more
Can Airlines Seek Relief under EETC Financing?
Due to the ongoing COVID-19 pandemic and the resulting economic malaise, lenders and investors are seeing a flood of requests from borrowers and issuers for relief on debt...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