Click here to connect with G M Corporate and Fiduciary Services on
LinkedIn
RECENT DEVELOPMENTS AND TRENDS
Recent developments
Are there any notable recent developments or trends in
the aviation sector in your jurisdiction?
There have been several recent legislative amendments concerning
the leasing of aircraft. One such amendment concerns how aircraft
leases dissolve on default. According to the general lease rules
under Maltese law, if a lease agreement contemplates dissolution of
the lease in the event that either party fails to perform as
promised, the dissolution will take effect only when the defaulting
party is notified by a judicial act. Under these rules, a lessor
that sought to terminate the lease for non-payment, for example,
would have to incur further costs and waste considerable time in
order to follow the procedure, all while the aircraft remained in
the lessee's possession. However, this rule was abolished with
regard to aircraft leases in
