Author

Ian Innes

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The message from turnaround and restructuring leaders, Carlyn Taylor (FTI, US), Chris Laverty (Grant Thornton UK LLP) and Cos Borrelli (Kroll, Asia Pacific) is that advisory roles in restructuring have remained surprisingly limited across various jurisdictions, despite significant economic headwinds. In some jurisdictions though, that may soon change. US restructuring activity is picking up very slowly. Americans are experiencing the worst inflation in decades. However, the interest rate rises from the US Federal Reserve Bank…

In brief Aircraft lessors and secured creditors will be required to collect their aircraft and engines from insolvency administrators appointed for airlines, rather than compel redelivery of the equipment, where their leases or security attract the operation of the Convention on International Interests in Mobile Equipment (“Cape Town Convention”). The Australian High Court has decided, in those circumstances, that aircraft and engines do not need to be redelivered to a lessor or secured creditor on the appointment…