On 29 March 2019 the UK will be leaving the European Union. On 15 January 2019 the UK parliament voted down a withdrawal agreement that would have provided continuity of the European regime pertaining to various jurisdictional matters. As a result, we assume for the time being that there will be a “no-deal” Brexit, there will be no continuity and on 29 March 2019 most EU law will cease to apply to the UK. This means the UK will not be part of the arrangements that allow English court judgments and orders to be automatically recognised and enforced in other EU countries.
With so many leasing companies choosing English law and jurisdiction, what does Brexit mean for aircraft lessors?
For more information and to access the full summary note, please contact Illakiya Vasanth (email@example.com).