Aviation: Liquidity boosted by loyalty – creative collateral

2020 was a crippling year for the aviation industry. With daily cash burn running into the tens of millions of dollars for many airlines, access to liquidity has been critical as treasury teams and fleet managers juggle expenses with decimated revenue. Many governments pledged state aid but what has been delivered to date has simply not been enough.

Related briefings

BVI Company Law Series – Continuations In

In this first of two notes relating to continuations (sometimes referred to as migrations or redomiciliations), we look at the requirements and processes for companies which want to continue from one jurisdiction to the BVI.

Reciprocal enforcement of judgments in Guernsey

Volatile markets and economic downturns typically lead to increases in commercial litigation. Onshore proceedings can commonly involve offshore structures and we anticipate a growth in cases requiring the recognition and enforcement of foreign judgments.

Climate Finance – Where do asset managers fit in?

The initial focus following the signing of the Paris Agreement was on the commitments made by governments from around the world to take action to combat climate change. The term climate finance was equated with the financial resources committed by governments for investment in the transition to a climate neutral global economy.

The Changing Face of Digital ID in Jersey and Guernsey

The problem of confirming identity without face-to-face meetings during the COVID-19 pandemic has brought digital systems for the verification of identity (“Digital ID”) into focus, and may well accelerate the transition from paper based to digital systems as the default means of verifying identity. The Guernsey Financial Services Commission (“GFSC”) and Jersey Financial Services Commission […]

Ireland Update: Strategy on Remote Working Strives to Keep Up

Ireland’s Department of Trade, Enterprise and Employment (“Department”) recently published a strategy paper outlining its vision for remote working entitled “Making Remote Work – National Remote Work Strategy” (“Remote Working Strategy”). The Remote Working Strategy confirms the Government’s intention to legislate for employees to have a right to request remote working. While recognising the many […]

Latest Briefings

Privy Council emphasizes primary role of trial judge as decision-maker in shareholder disputes

In the context of an unfair prejudice claim, the Privy Council recently overturned the decision of the Eastern Caribbean Court of Appeal and restored the decision of Leon J. of the Commercial Court of the British Virgin Islands, in effect ordering a mandatory buy-out, at a price to be determined by the court, of minority shareholdings by the majority shareholder whose acts were found to be oppressive, unfairly discriminatory and unfairly prejudicial to the minority, pursuant to section 184I of the BVI Business Companies Act.

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