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Court of Appeal clarifies mortgagee’s duties in aircraft finance case

Published on: 11 January 2016
Published by: LexisPSL
  • Court of Appeal clarifies mortgagee’s duties in aircraft finance case
  • Original news
  • What were the facts in these cases?
  • What did Burton J decide in the Commercial Court?
  • What were the central issues in this appeal?
  • What did the court decide on duties owed to unsecured third party creditors?
  • What did the court decide on sale to self?
  • What did the court decide on a mortgagee's duty to reasonably obtain the best price?
  • How does this decision clarify the issue of mortgagee's duties?
  • What are the practical implications of this decision? Is this case of interest outside the aircraft finance field?
  • More...

Article summary

Banking & Finance analysis: What are the duties owed by a mortgagee in possession? David Bowden, independent legal consultant, comments on the consequences of Alpstream AG and others v PK Airfinance Sarl and another and talks to Elaine Skittrell, a barrister specialising in financial services at 1 Gray’s Inn Square Chambers, about what lessons can be learned from this case. or take a trial to read the full analysis.

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