Subordination is a way of changing the priority of claims against a debtor so that one creditor or group of creditors (the junior creditor(s)) agree...
What is a 'capital call facility'?A capital call facility is a form of finance provided by a lender to a fund and typically secured against investors’...
Development of the Loan Market Association (LMA) documentationThe project to develop the LMA investment grade documents began in 1998 as a response to...
This Practice Note provides an introduction to intercreditor agreements and their key provisions. This Practice Note:•explains the purpose of having...
Residual value agreements are a tool for allocating the residual value risk in an aircraft.The key reasons for using residual value agreements are:•to...
This Practice Note considers the principal types of security that a lender may look to take in a ship finance transaction. The main type of security...
The use of special purpose vehicle structures is very common in aviation finance. They provide various advantages for lenders such as tax benefits and...
This Practice Note looks at the main characteristics of an operating lease and the key advantages of a lease of this nature in comparison to a finance...
This Practice Note considers a typical transaction involving the sale and purchase of a second hand commercial ship and in particular covers:•the main...
When the lessor puts the aircraft on lease it will be concerned to ensure that the aircraft is operated in such a manner as will not unduly affect the...
As an alternative to rolling stock being maintained by a maintenance provider pursuant to a train services agreement (TSA), an operator may choose to...
Jurisdictions coveredThe following jurisdictions are covered in this report:Angola; Australia; Brazil; Chile; China; Colombia; Cyprus; Ecuador; Egypt;...
This Practice Note explains the law and practicalities relating to bills of lading and sea waybills in the context of an arrangement for the carriage...
This Practice Note explains the Hague-Visby Rules (the Rules) which are an international convention enacted into English law by the Carriage of Goods...
This Practice Note describes the purpose and functions of sea carriage documents with reference to the delivery of cargo, in particular it examines a...
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