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Aircraft Repossession and Enforcement - Practical Aspects (Hardcover)
Loot Price: R5,424
Discovery Miles 54 240
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Aircraft Repossession and Enforcement - Practical Aspects (Hardcover)
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Default and distress scenarios have assumed major proportions in
both the experiences and the anxieties of aircraft owners,
financiers and operators. The current state of the aviation market
is leading to an increase in defaults, workouts and repossessions.
In addition, a default event may occur for many other reasons than
the obvious non-payment of lease rentals or lapses in insurance,
licences, authorizations or registrations. A third party may claim
an unexpected lien; unanticipated navigation charges may suddenly
appear; a plane may become inadvertently involved in a fleet
detention; interpretations of documentation may differ among
jurisdictions-the possibilities are literally endless. No contract
or repossession insurance policy can list all the contingencies.
Designed as a detailed practical guide to the management of
aircraft during default periods and their repossession, this very
useful book is also of great value as a preventive guide in the
drafting of aircraft lease and financing contracts. Local aviation
law experts from 32 jurisdictions worldwide provide in-depth
responses, country by country, to an extremely detailed
questionnaire that includes eighty 'real-life' questions covering
such categories as the following: - self-help procedures - court
proceedings - arbitration and other non-court proceedings - money
claims - bankruptcy - non-consensual liens - rights and security
interests in aircraft - deregistration powers of attorney - export
permit issues Fees, time periods, costs of all kinds, remedies,
immunities, required documentation, recognition of foreign
judgments, interim measures-all these and many other crucial
considerations are fully explained for each jurisdiction. Loaded
with precise, up-to-date information and expert practical guidance,
this book will be of enormous value to aviation lawyers, counsel
for aircraft owners and operators, receivers, export credit
agencies, banks, lessors and investors with interest in the
aviation industry.
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