A 'slot' is the permission given by a co-ordinator in accordance with the legislation relating to slot co-ordination1 to use the full range of airport infrastructure necessary to operate an air service at a co-ordinated airport2 on a specific date and time for the purpose of landing or take-off as allocated by a co-ordinator in accordance with the legislation3. Provision is made for the co-ordinated allocation of airport slots at designated airports within the EU, for the purpose of ensuring, inter alia, that no air carrier4, whether a Community air carrier5 or otherwise, is compromised by a shortage or
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What is QOCS?Qualified one-way costs shifting (QOCS) was introduced on 1 April 2013 as part of the Jackson costs reforms following the removal of a claimant’s right to recover additional liabilities from the defendant, ie success fees and after the event (ATE) insurance premiums. The relevant CPR
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This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
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