On 29 March 2019 the UK was supposed to leave the European Union. The big day came and went. The UK is still in the European Union. Brexit has been delayed until 31 October 2019. We still do not know whether there will be a deal or not. If there is a “no deal Brexit”, English judgments will no longer be automatically recognised and enforced in other EU countries.
In our last Aviation Update in January 2019, we discussed the impact of Brexit for aircraft lessors who might have claims or judgments against lessees with assets in England, in the EU and/or in the rest of the world. Our latest update will expand on our recommendation that English law and English jurisdiction are still the best possible choices for aircraft lessors.
For more information and to access the full summary note, please contact Illakiya Vasanth (firstname.lastname@example.org).