Europe: EU / UK regulatory roundup
A round up of recent regulatory developments in the EU and UK.
Brexit and aviation
The referendum held on June 23, 2016 resulted in a majority vote in favour of the United Kingdom leaving the European Union. London Partner, Emma Giddings summarises the current legal position with regard to the status of the United Kingdom within the European Union and the possible impact of a “Brexit” on aviation.
Free Trade Zones in the world’s fastest growing aviation market – lessor and lender considerations
In this article, Shanghai Partner, Fei Kwok and Singapore Senior Associate, James Bradley look at the opportunity offered for lessors, together with some considerations, for setting up operations in free trade zones in the People’s Republic of China in order to capitalise on the growth in demand for aircraft.
The cost of EC261 and how to minimise it
The EC regulation which covers airlines’ obligations to passengers relating to flight delays and cancellations, EC261, has caused significant controversy since its introduction. In this article London Partner, Robin Springthorpe reviews how airlines are managing their exposure to EC261.
International aviation and international tax avoidance – rule changes to watch for
With the shift in public opinion towards tax avoidance, governments and international organisations have moved fast to introduce new rules governing the way cross-border transactions and arrangements are taxed. Mathew Hodkin, Partner in our global tax practice group looks at the background to some of the coming changes and the measures most likely to impact the aviation industry.
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On July 16, 2020, the Court of Justice of the European Union (CJEU) published its decision in the landmark case Data Protection Commissioner v Facebook Ireland Ltd, Maximilian Schrems and intervening parties, Case C-311/18 (known as the Schrems II case).
On July 7, 2020, the Commission de Surveillance du Secteur Financier (CSSF) issued an FAQ document on Circular 02/77 concerning the protection of investors in case of NAV calculation errors and the correction of the consequences resulting from non-compliance with the investment rules applicable to undertakings for collective investment (the FAQ).