At Martyn Fiddler Aviation we know that nearly every aircraft transaction will require legal assistance, often involving legal counsel in several jurisdictions working together. We use our wide network of trusted law firms, family offices and corporate legal departments to ensure all corporate governance and legal concerns are met and the right people are on hand to address any queries or concerns the parties may have.
Our extensive experience of all aspects of an aircraft's transactional life means we can often anticipate issues before they occur. We work with counsel to navigate, mitigate and resolve issues that could cause delays or additional expense to our clients.
Whether we are working with our client's lawyer or are engaged directly by a law firm, we provide support and assistance in a variety of different ways:
- Jurisdictional reports on tax, aircraft registration and corporate ownership to provide a range of options when clients want to purchase or finance an aircraft
- Tax opinions regarding the steps which need to be taken to ensure full compliance with jurisdictional tax obligations
- Advice on corporate governance and company law requirements in the jurisdictions we service
- Internal legal counsel for our client companies and trusts where required
- Introductions to specialist aviation legal counsel we have worked with and
- Advice, assistance and training to lending teams to extend their knowledge in specialist aviation Customs and tax matters
Our team include Chartered Tax Advisers and Isle of Man qualified advocates. Our ability to ask the right question is often the key to a smooth and uneventful transaction.
Related news, faqs and factsheets
Navigating Commercial Aircraft Returns in a Pandemic
There are few other assets that are as intricate and complex as aircraft.
ABC of Aircraft Returns
Understand all the legal, registration, and tax issues associated with aircraft transitions and returns.
Be Prepared for 31 December 2020
In less than 4 months’ time the UK will leave the European Union (31 December 2020). At the time of writing there is no agreement in place to determine what the status of goods (including business aircraft) imported into the EU (including the UK and Isle of Man) before 31 December 2020 will be.
In the newsletter attached Martyn Fiddler Aviation outline the list of possible results, explaining the impact of each scenario and the work that will be requested of aircraft owners in order to remain in free circulation in both the UK and the EU.
Receivers, insolvency practitioners and liquidators
In the current climate it is likely that there will be some aircraft financiers who will either fail or will need to reduce their portfolios. The knock on effect will be the increased number of repossessions or other potential insolvency action.