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<br /> ISSUE ONE 2016<br /> THE LEADING GLOBAL PUBLICATION FOR OPERATORS OF AND INVESTORS IN AIRCRAFT AND ENGINES<br /> Aviation Law Yearbook<br /> Aviation<br /> www.aviationnews-online.com<br /> Global Transportation Finance<br /> Global clients. Global deals.<br /> Chambers Global 2015 declares<br /> “Vedder Price undoubtedly has the<br /> largest and broadest asset finance practice<br /> in the market.” The Global Transportation<br /> Finance team and its individual attorneys<br /> are consistently recognized by numerous<br /> international ranking publications for<br /> business acumen, industry knowledge<br /> and unparalleled client service.<br /> Airline Economics named Vedder Price<br /> “2015 Aviation 100 Law Firm of the Year”<br /> Chicago New York Washington, DC London<br /> San Francisco Los Angeles vedderpric<a title="Law Guide 2016 page 1" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=1"> ISSUE ONE </a> <a title="Law Guide 2016 page 2" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=2"> Global Transportation Finance Global clients. G</a> <a title="Law Guide 2016 page 3" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=3"> EDITOR’S LETTER TALKING CAPE TOWN ISSUE ONE</a> <a title="Law Guide 2016 page 4" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=4"> CONTENTS 1 Talking Cape Town 38 </a> <a title="Law Guide 2016 page 5" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=5"> </a> <a title="Law Guide 2016 page 6" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=6"> COMMERCIAL AIRCRAFT FINANCE C</a> <a title="Law Guide 2016 page 7" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=7"> COMMERCIAL AIRCRAFT FINANCE </a> <a title="Law Guide 2016 page 8" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=8"> COMMERCIAL AIRCRAFT FINANCE </a> <a title="Law Guide 2016 page 9" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=9"> COMMERCIAL AIRCRAFT FINANCE </a> <a title="Law Guide 2016 page 10" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=10"> NEWS LAST CHANCE SALOON FOR THE “TECHNICAL DELA</a> <a title="Law Guide 2016 page 11" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=11"> To find out how we can help your business, contac</a> <a title="Law Guide 2016 page 12" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=12"> UK: AIR ACCIDENTS Acci</a> <a title="Law Guide 2016 page 13" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=13"> The European Aviation Safety Agency (EASA)</a> <a title="Law Guide 2016 page 14" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=14"> UK: AIR ACCIDENTS also </a> <a title="Law Guide 2016 page 15" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=15"> cargo, without those affected having to prove fau</a> <a title="Law Guide 2016 page 16" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=16"> UK: BRIBERY ACT The Bribery Act 2010 - A 2015</a> <a title="Law Guide 2016 page 17" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=17"> UK: BRIBERY ACT </a> <a title="Law Guide 2016 page 18" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=18"> UK: BRIBERY ACT Out</a> <a title="Law Guide 2016 page 19" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=19"> of his customers. As the customer employee given</a> <a title="Law Guide 2016 page 20" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=20"> Airports Commission - the future for regional air</a> <a title="Law Guide 2016 page 21" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=21"> are capped at a level which is con</a> <a title="Law Guide 2016 page 22" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=22"> UK: AIRPORTS political ambition to rebalance ec</a> <a title="Law Guide 2016 page 23" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=23"> Manchester Agreement. Although the Government h</a> <a title="Law Guide 2016 page 24" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=24"> UK: AIR RAGE Air rage incidents taking </a> <a title="Law Guide 2016 page 25" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=25"> aircraft was due to take off. The incident occurr</a> <a title="Law Guide 2016 page 26" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=26"> UK: AIR RAGE REFUSAL</a> <a title="Law Guide 2016 page 27" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=27"> the aircraft under police escort and the airline </a> <a title="Law Guide 2016 page 28" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=28"> Understanding the danger that can exist inside yo</a> <a title="Law Guide 2016 page 29" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=29"> along with banks and mobile phone companies, are </a> <a title="Law Guide 2016 page 30" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=30"> The Cape Town Convention: An Evolving Process By </a> <a title="Law Guide 2016 page 31" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=31"> USA: CAPE TOWN CONVENTION </a> <a title="Law Guide 2016 page 32" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=32"> USA: CAPE TOWN CONVENTION the security agreemen</a> <a title="Law Guide 2016 page 33" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=33"> USA: CAPE TOWN CONVENTION </a> <a title="Law Guide 2016 page 34" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=34"> USA: CAPE TOWN CONVENTION information in the CR</a> <a title="Law Guide 2016 page 35" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=35"> USA: CAPE TOWN CONVENTION on June 18, 2013 </a> <a title="Law Guide 2016 page 36" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=36"> The Cayman Islands: Cape Town Convention now in f</a> <a title="Law Guide 2016 page 37" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=37"> On 1 November 2015 the Convention came into force</a> <a title="Law Guide 2016 page 38" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=38"> Canada and Cape Town Miriam Kavanagh, Miriam Kava</a> <a title="Law Guide 2016 page 39" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=39"> “Canadian” is defined in the Canada Transportat</a> <a title="Law Guide 2016 page 40" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=40"> Spain about to ratify aircraft protocol of the Ca</a> <a title="Law Guide 2016 page 41" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=41"> greatly reduces the deadlines to obtain final appr</a> <a title="Law Guide 2016 page 42" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=42"> SPAIN interest created over assets located in S</a> <a title="Law Guide 2016 page 43" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=43"> Global Leaders in Aviation Finance KPMG i</a> <a title="Law Guide 2016 page 44" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=44"> FRANCE Foreign Aircraft Seizur</a> <a title="Law Guide 2016 page 45" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=45"> ATTACHMENTS (“SAISIE CONSERVATOIRE”) An attachmen</a> <a title="Law Guide 2016 page 46" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=46"> FRANCE to a nominated guardian; issues </a> <a title="Law Guide 2016 page 47" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=47"> and serving the order to pay and the seizure docu</a> <a title="Law Guide 2016 page 48" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=48"> The Italian Chapter Laura Pierallini’s (Studio Pi</a> <a title="Law Guide 2016 page 49" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=49"> executing provisions (Regulations) and others to </a> <a title="Law Guide 2016 page 50" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=50"> ITALY Authority (namely “Ente Nazionale per l'A</a> <a title="Law Guide 2016 page 51" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=51"> aircraft mortgages exist in our system), which ca</a> <a title="Law Guide 2016 page 52" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=52"> ITALY the Tribunal holds the second level of ju</a> <a title="Law Guide 2016 page 53" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=53"> Competition Authority has distinguished between </a> <a title="Law Guide 2016 page 54" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=54"> PORTUGAL TAP airline priv</a> <a title="Law Guide 2016 page 55" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=55"> it allows that any EU national may own and contro</a> <a title="Law Guide 2016 page 56" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=56"> The Malta Aircraft Registration Act and the Cape </a> <a title="Law Guide 2016 page 57" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=57"> REGISTRATION OF AIRCRAFT The aircraft register </a> <a title="Law Guide 2016 page 58" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=58"> MALTA Malta, </a> <a title="Law Guide 2016 page 59" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=59"> an objective, first of all the CTC created the el</a> <a title="Law Guide 2016 page 60" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=60"> Aviation financing in Norway - protection and enf</a> <a title="Law Guide 2016 page 61" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=61"> airlines in time. With Norwegian's continuous</a> <a title="Law Guide 2016 page 62" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=62"> NORWAY take priority over competing rights </a> <a title="Law Guide 2016 page 63" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=63"> the lease agreement includes a written confirmatio</a> <a title="Law Guide 2016 page 64" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=64"> SWITZERLAND Switzerland’s aviation industry </a> <a title="Law Guide 2016 page 65" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=65"> are located nearby the cities of Zurich, Geneva, </a> <a title="Law Guide 2016 page 66" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=66"> SWITZERLAND Award”, “Swiss Award for </a> <a title="Law Guide 2016 page 67" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=67"> has increased. There are currently around 170</a> <a title="Law Guide 2016 page 68" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=68"> POLAND Repossession of aircraft in P</a> <a title="Law Guide 2016 page 69" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=69"> means that apart from specific instances, if the d</a> <a title="Law Guide 2016 page 70" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=70"> UKRAINE Ten things to know about financing an</a> <a title="Law Guide 2016 page 71" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=71"> TEN THINGS TO KNOW ABOUT LEASING AND FINANCING AI</a> <a title="Law Guide 2016 page 72" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=72"> TURKEY Legal Diversity and the </a> <a title="Law Guide 2016 page 73" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=73"> the interest in question falls under one of the f</a> <a title="Law Guide 2016 page 74" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=74"> Five key things to know before buying, leasing or</a> <a title="Law Guide 2016 page 75" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=75"> serves mainly public purposes of supervis</a> <a title="Law Guide 2016 page 76" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=76"> The Greek aviation finance market - key tax and o</a> <a title="Law Guide 2016 page 77" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=77"> any other person for the payment of any such valu</a> <a title="Law Guide 2016 page 78" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=78"> PERU No more delays in the e</a> <a title="Law Guide 2016 page 79" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=79"> PERU 14 12 10 30% 24.3% 25% 20% 17.0% </a> <a title="Law Guide 2016 page 80" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=80"> PERU BENEFITS OF NECESSA</a> <a title="Law Guide 2016 page 81" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=81"> PERU Platform Area 2001 (m2) 322,</a> <a title="Law Guide 2016 page 82" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=82"> ARGENTINA Nationality or</a> <a title="Law Guide 2016 page 83" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=83"> Second World War, a time dominated by concepts ar</a> <a title="Law Guide 2016 page 84" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=84"> ARGENTINA Those chan</a> <a title="Law Guide 2016 page 85" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=85"> benefit of Spanish investors. This notwiths</a> <a title="Law Guide 2016 page 86" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=86"> Colombia and Cape Town Delhierro Abogados’ Daniel</a> <a title="Law Guide 2016 page 87" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=87"> www.airlineeconomics.co COLOMBIA I n 2006,</a> <a title="Law Guide 2016 page 88" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=88"> COLOMBIA The Convention f</a> <a title="Law Guide 2016 page 89" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=89"> </a> <a title="Law Guide 2016 page 90" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=90"> Kenyanaviation Sonal Sejpal, Tabitha Joy Raore an</a> <a title="Law Guide 2016 page 91" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=91"> recently added 3 more Boeing B787-8 Dreamliners t</a> <a title="Law Guide 2016 page 92" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=92"> KENYA encouraging to the industry to see this i</a> <a title="Law Guide 2016 page 93" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=93"> i. Aircraft registration and operation Regist</a> <a title="Law Guide 2016 page 94" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=94"> KENYA the special nature of the air service bei</a> <a title="Law Guide 2016 page 95" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=95"> to whom the aircraft had been let or hired out. F</a> <a title="Law Guide 2016 page 96" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=96"> KENYA provide overnight accommodation or meals</a> <a title="Law Guide 2016 page 97" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=97"> situs rule proves to be inappropriate in an avi</a> <a title="Law Guide 2016 page 98" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=98"> KENYA and consideration. An aircraft lease may </a> <a title="Law Guide 2016 page 99" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=99"> by any party to the dispute or that the defendant</a> <a title="Law Guide 2016 page 100" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=100"> Aircraft leasing and financing in Nepal Writes De</a> <a title="Law Guide 2016 page 101" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=101"> to operators in Nepal. OWNERSHIP Registration A</a> <a title="Law Guide 2016 page 102" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=102"> NEPAL details of the </a> <a title="Law Guide 2016 page 103" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=103"> make sure that the lessee or borrower takes ef</a> <a title="Law Guide 2016 page 104" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=104"> MEXICO Mexican promise By Jua</a> <a title="Law Guide 2016 page 105" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=105"> 12.8% below Japan). Boeing and Airbus manu</a> <a title="Law Guide 2016 page 106" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=106"> Challenges and opportunities in Indian aviation R</a> <a title="Law Guide 2016 page 107" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=107"> INDIA Connectivity Scheme (RCS) will be</a> <a title="Law Guide 2016 page 108" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=108"> Chinese lessors expand their reach Debra Erni, Pa</a> <a title="Law Guide 2016 page 109" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=109"> encouragement to grow and diversify international</a> <a title="Law Guide 2016 page 110" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=110"> APAC LEASING have resor</a> <a title="Law Guide 2016 page 111" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=111"> GROWTH FRONTIERS MIDDLE EAST & AFRICA 2016 Suppo</a> <a title="Law Guide 2016 page 112" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=112"> TECHNOLOGY Screen scrapers bew</a> <a title="Law Guide 2016 page 113" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=113"> of the database (Article 6(1) and a lawful user o</a> <a title="Law Guide 2016 page 114" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=114"> GROWTH FRONTIERS ASIA-PACIFIC 2016 Supporting: 3</a> <a title="Law Guide 2016 page 115" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=115"> 2015 130 130 aircraft transactions in 2015 $ </a> <a title="Law Guide 2016 page 116" href="http://viewer.zmags.co.uk/publication/9556ccaa?page=116"> The Global Aviation Law Firm We were there... </a>