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
It is clear that English law permits a party to avoid a contract on the grounds of economic duress but there is some uncertainty as to the circumstance in which a contract may be avoided for economic duress. Requiring...more
9/16/2019
/ Airlines ,
Appeals ,
Aviation Industry ,
Bad Faith ,
Breach of Contract ,
Contract Termination ,
Contract Terms ,
Economic Duress ,
Monopolization ,
Transportation Industry ,
UK
In This Issue –
Economic duress: will English law assist a party who enters into a contract as a result of a lawful threat of causing economic harm?
A Bird on the Ground is Worth One in the Sky: Lessons from ALC v. Far...more
9/12/2019
/ Airlines ,
Appeals ,
Aviation Industry ,
Bad Faith ,
Breach of Contract ,
Contract Termination ,
Contract Terms ,
Economic Duress ,
Monopolization ,
Transportation Industry ,
UK
The administrators of the airline Monarch Airlines Limited (Monarch) have won an appeal in the Court of Appeal regarding the rights of Monarch in and to certain “slots” at Luton and Gatwick airports, after Monarch went into...more
Aircraft Lender Not Responsible for Customer’s Structuring Strategy -
Most business aircraft purchasers, especially high net worth individuals, rely on advice from their various resources when acquiring such expensive...more
4/30/2018
/ Aircraft Financing ,
Airports ,
Appeals ,
Asset Management ,
Asset Seizure ,
Aviation Industry ,
Borrowers ,
Brazil ,
Collateral Agreements ,
Cross-Border ,
Damages ,
Duty to Mitigate ,
Federal Aviation Administration (FAA) ,
Grandfathering Rules ,
Insolvency ,
Lease Financing ,
Lenders ,
Lessor ,
Payment Terms ,
Tax Evasion ,
Transportation Industry ,
UK ,
Wells Fargo