Welcome to the Conyers Global Shipping Digest which provides an overview of significant M&A, capital markets and financing mandates in the global shipping industry over the course of the past twelve months.

Bermuda is an overseas territory of the United Kingdom. As such, the Register of Aircraft is governed by a UK statute, the Air Navigation (Overseas Territories) Order 2013 (ANOTO).

The Bermuda Government has passed legislation, with effect from 31 December 2018, requiring relevant entities based in Bermuda to comply with certain obligations in regard to economic substance in the jurisdiction.

This digest highlights some of the significant legal work carried out by Conyers' lawyers since the start of 2020 for our corporate clients in markets around the globe.

Bermuda vehicles are regularly used in both 'off-balance sheet' financing structures, where the owner of the aircraft is an 'orphan' and 'on-balance sheet' structures...

Bermuda vehicles are regularly used in both ‘off-balance sheet' financing structures, where the owner of the aircraft is an ‘orphan' and ‘on-balance sheet' structures...

No taxes or duties are payable in Bermuda as a consequence of the execution of an aircraft or engine sale agreement, unless the agreement is physically executed in Bermuda and one of the parties is a local Bermuda company, ...