Laura Čereškaitė-Kinčiuvienė: Notarisation of aircraft transactions is an excessive requirement
Market participants in Lithuania’s aviation sector are currently subject to an excessive legal requirement – the transfer of ownership of an aircraft must be executed in notarised form. AVERUS law firm calls on the relevant institutions to review this outdated practice, which imposes unjustified administrative and financial burdens on the aviation industry. “Aircraft should not …