12th Package of EU Sanctions – The “No Russia Rule” and how this affects aviation contracts
This article looks at the No Russia Rule contained in the 12th package of EU sanctions.
We advise the world’s leading airlines on all areas of their business, including finance and leasing, capital markets, restructuring and insolvency, corporate, dispute resolution, tax, regulatory and employment law across Europe, Asia, the Middle East and the USA.
We know the pressures exerted on airlines from passengers, crew, airports, regulatory authorities, lessors, financiers and shareholders. Our thorough understanding of the challenges and latest developments in the sector, enables us to guide clients through turbulent times to best reach their strategic and commercial goals.
As authors of the highly regarded Covid-19 Aviation Restructuring Report, we were the first law firm to consider the options available for an airline’s path to recovery, including restructuring and State Aid. Now in its second edition, we explore how the market’s response has developed, the trends that have emerged and some significant changes to legislation in the UK.
This article looks at the No Russia Rule contained in the 12th package of EU sanctions.
WFW unpacks the EU Data Act: what it means for aircraft data use, sharing and ownership and what key aviation players should do to prepare.
The Pegasus Guidelines represent the first climate-aligned finance framework for the aviation sector.