News & Analysis as of August 16, 2025

United Kingdom

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JOLCO-motion denied: aircraft finance termination payments not penalties

A&O Shearman on 6/25/2025

The English High Court has found that termination payments under Japanese Operating Lease with Call Option (JOLCO) structures did not amount to unenforceable penalties....more

What is Duvalue of an absolute covenant in a lease?

Hogan Lovells on 5/12/2020

On 6 May 2020, the Supreme Court handed down its judgment in the case of Duval v 11-13 Randolph Crescent Limited [2020] UKSC 18. ...more

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Breach of Contract › Leases › United Kingdom

JOLCO-motion denied: aircraft finance termination payments not penalties

What is Duvalue of an absolute covenant in a lease?

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