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Conyers

Alternative Financing in the Shipping Industry

Conyers on

In the decade since the global financial crisis, ship financing has undergone considerable change. Traditionally, debt financing with banks and equity financing were the most common methods used by shipping companies to raise...more

Pillsbury Winthrop Shaw Pittman LLP

Key Issues and Actions to Effect Drawing Under a Letter of Credit (“LC”) During COVID-19

Letters of Credit are an increasingly common feature of aviation leasing and finance transactions, typically as a cash replacement with respect to security deposits and/or maintenance reserves. The process for drawing under...more

Vedder Price

Letters of Credit: A Refresher

Vedder Price on

Letters of credit are often issued in aircraft leasing transactions as an alternative to the provision of a cash security deposit and, less frequently, the obligation to pay maintenance reserves in cash. In an airline...more

Jones Day

Italy: New Rules on Financial Leases Provide Clarity

Jones Day on

Law no. 124 of August 4, 2017 ("Law 124") provides important new rules on financial leases in Italy. It introduces a statutory definition of "financial lease" and deals with the event of serious breach (grave inadempimento)...more

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