Stay updated with breaking news from வான்கலம் நிதி. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Recognition of securitization. Cyprus does tick all of these boxes and meets the required levels in each of these areas. Consequently, it certainly can be looked on favourably when making the choice of jurisdiction. Stable and Secure Legal System Cyprus is a common law jurisdiction whose laws are firmly based on English law, as now supplemented and updated by EU law. The Cyprus legal and regulatory system is well developed, stable, sophisticated and user friendly. The trite principles of law that underpin most aviation finance and leasing structures are also recognized and well established in Cyprus. Cyprus, as a jurisdiction, is very familiar with international financing ....
BUSINESS/Focus Typical of many government agencies, allegations of mismanagement and impropriety dogged the Assets Management Corporation of Nigeria’s previous management boards until the coming of President Muhammadu Buhari with his wide-reaching anti-corruption reforms. One of the earliest appointments he made was that of Ahmed Kuru as the Chief Executive Officer of AMCON. Almost six years after, and a few months into his second term, Kuru’s proficiency in fiscal management and boots-on-the-ground approach to debt recovery has helped in no little way to stabilise the Nigerian economy, writes Lanre Alfred Unlike the middling marabou, the miracles of Malam Ahmed Kuru, the Managing Director/Chief Executive Officer of the Assets Management Corporation of Nigeria (AMCON), aren’t deceptive in nature rather; each one is an event that creates faith in his abilities as a fiscal guru and turn-around-manager. The AMCON boss is not just an administrative managing director but ....
Embraer Completes First ANPI Transaction Financing Delivery of Four E175 Jets to SkyWest (26 Jan 2021) Embraer has completed its first aircraft non-payment insurance (ANPI) transaction financing the delivery of four Embraer E175 jets to SkyWest, Inc. The deal was supported by the Aircraft Finance Insurance Consortium (AFIC), designed by Marsh and was underwritten by AXIS Insurance and Sompo International. The lender for the transaction is the Brazilian Development Bank (BNDES). The deal is a major achievement for the aircraft finance industry being the first AFIC-supported transaction for regional jets, the first AFIC-supported financing for an airline based in the United States, and the first ....
To embed, copy and paste the code into your website or blog: For several years, until May 2019, the Export-Import Bank of the United States (Ex-Im Bank) lacked sufficient directors to field a quorum for approval of any new commitments for transactions other than to approve short-term to medium-term transactions (i.e., those with terms of seven years or less) up to $10 million, which in turn effectively rendered long-term financings of high value equipment impossible. (For additional context, see Holland & Knight s previous alert, President Trump, the Ex-Im Bank and Aircraft Finance, Jan. 20, 2017, for an assessment of the Ex-Im Bank at the start of the Trump Administration.) ....