European Union: Acquisition Finance/LBOs/MBOs

Following the enactment of 'The Aircraft Registration Act' in 2010 which is designed to regulate the registration of aircraft and aircraft mortgages in Malta and also to implement the Convention on International Interests in Mobile Equipment and Protocol thereto on Matters Specific to Aircraft Equipment there has been a rapid growth in the number of aircraft registered in Malta.

On the 17 December 2010, the Irish Stock Exchange ("the ISE") published the new Listing Rules ("the Rules") which require Irish listed companies to comply or explain against additional corporate governance provisions which arise from the recommendations contained in the report on Compliance with the Combined Code on Corporate Governance by Irish listed companies ("the ISE/IAIM Commissioned Report").

In the current economic climate the possibility of defaults under loans secured on aircraft is an increasing concern for aircraft financiers.

In the context of secured financings, lending banks often require a pledgor to issue a sale power of attorney for the asset pledged (ie, shares, real property or other assets).

Ireland offers an attractive regime in which to establish regulated investment funds and is a preferred location for fund administration, custody and management.

On 22 July 2011, ESMA issued a discussion paper setting out policy orientations on possible guidelines for structured UCITS.

In order to clearly explain the effects of the Carriage of Goods by Sea Act 1992¹ and to make an attempt to consider whether or not the new legislation can be regarded as an exhaustive and satisfactory piece of work we have to go back to 1855.

The regulation of M&A in the Czech Republic is split in several acts. The main source of regulation is Act No. 513/1991 Coll., the Commercial Code (the " CC ").

The most important influence is to plan the process well in advance, taking into account all the necessary steps. Good tax and legal advice are essential here. The offered price, together with the statement of the board of directors and the supervisory board of the target, also play important roles.

Malta took a significant step in enhancing its position in the global aviation and financial sectors with the implementation of the Cape Town Convention on International Interests in Mobile Equipment along with the Aircraft Protocol.

Malta's maritime industry is largely governed by the Merchant Shipping Act of 1973, Chapter 234 of the Laws of Malta (the "Merchant Shipping Act"), a legislative cornerstone regulating among others, vessel registration, security interests such as mortgages, safety standards, seafarers' rights and shipowner obligations.

Act No. I of 2025 (the "Act") builds upon key principles from the Maltese Civil Code, Chapter 16 of the Laws of Malta (the "Civil Code"), integrating its lease concept into maritime legislation, however a clear distinction ...