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Aviation finance in Russia and CIS countries - Opportunities in uncertain times | White & Case LLP - Vimarsana News

Aviation finance in Russia and CIS countries - Opportunities in uncertain times | White & Case LLP

To embed, copy and paste the code into your website or blog: Like the rest of the world, air passenger transport in the Russian Federation and other Commonwealth of Independent States (CIS) countries experienced a serious impact at the start of the COVID-19 pandemic. Yet air traffic appears to be recovering more rapidly in Russia and CIS nations than elsewhere. At the end of 2020, Russia had the majority of its aircraft fleets in service—a higher percentage than any other European nation. In November 2020, survey respondents based primarily in Russia and CIS nations confirmed this trend, wi...

Aviation, CIGA, Cape Town Convention, and Insolvency - Vimarsana News

Aviation, CIGA, Cape Town Convention, and Insolvency

Monday, December 21, 2020 The United Kingdom’s Corporate Insolvency and Governance Act 2020 (CIGA) shifted the focus of the United Kingdom’s insolvency regime from administration and liquidation to rescue and recovery and introduced a number of interesting new features that apply to companies experiencing financial difficulties. This article considers how certain of these features fit into the insolvency regime of the Cape Town Convention.1 Of primary interest, CIGA permits a company experiencing financial difficulties to propose an arrangement or compromise with its creditors (...