12th Package of EU Sanctions – The “No Russia Rule” and how this affects aviation contracts
This article looks at the No Russia Rule contained in the 12th package of EU sanctions.
As the world’s appetite for air travel is on hold, the challenge for the aviation industry is to uncover and extract value in the face of ever more competition for passengers. Our team of dedicated aviation lawyers can help you achieve your commercial objectives in the most complex matters with innovative thinking and a comprehensive range of legal services, combining finance, tax, corporate and M&A, restructuring & insolvency, regulatory, real estate and dispute resolution.
Our insight, depth and breadth of knowledge across all segments of the aviation industry attract a diverse set of clients from across the world, including banks and financial institutions, funds and investors, export credit agencies, aircraft and engine leasing companies, airlines, airports and manufacturers.
With more than 35 years’ experience, we are ahead of the curve with developments in the aviation sector, especially in our role as advisers to the Aviation Working Group on its Global Aviation Trading System (GATS) and environmental, social and governance (ESG) initiative.
Airlines across the globe continue to fight for their survival in the midst of the Covid-19 crisis. In our highly regarded report, we explore the restructuring trends that have emerged and some significant changes to legislation in the UK. Now in its second edition, the report also incorporates a valuable table comparing the key features of a UK scheme of arrangement, a UK restructuring plan and the US’s Chapter 11 rehabilitation procedure, as well as case studies on the restructurings of Virgin Atlantic Airways and Malaysian Airlines Berhad.
Click here to read the full report
This article looks at the No Russia Rule contained in the 12th package of EU sanctions.
In this article we discuss recent travel law updates in the EU, the UK and Asia Pacific.
GIFT City is India's first operational greenfield smart city and international financial services centre, which the Government of Gujarat promoted as a greenfield project.