Distressed Situations

Aviation restructuring: Global trends on application of CTC Protocol to insolvency proceedings

June 14, 2022

As part of our commitment to help clients know the options, London-based Reed Smith Restructuring & Insolvency partner Kathleen Garrett explores the positions of global courts regarding which insolvency proceedings fall within the ambit of Alternative A of Article XI of the Aircraft Protocol to the Cape Town Convention on International Interests in Mobile Equipment (CTC), and what this means for frequently needed restructuring reliefs, such as repudiation and amendment of contracts and repossession of affect assets.

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