The presentation will describe the role of aircraft finance lawyers, as transactional lawyers, in the field of aviation law, and go to discuss the complex cross-border nature of aircraft finance and leasing transactions with a particular focus on aircraft repossessions. The first half of the presentation will walk-through a typical transaction structure, and then discuss the multi-faceted choice of law issues which aircraft finance lawyers must untangle on a deal-by-deal basis. The second half of the presentation will then focus on how transactional lawyers plan for the prospect of aircraft repossessions in cross-border secured financings, explore what planning and research tools are available to flush-out local law issues, and describe how such tools can be deployed at the outset of the transaction so that such issues may be addressed. The presentation will then draw to a close by looking first at a case study problem that currently exists and how market practice has addressed it, and then will finish by mapping and discussing several worldwide jurisdictional trends.
There should be sufficient time for any questions and comments along the way and at the end.
Dominic Pearson is a senior associate in Pillsbury’s Transportation Finance practice and is located in the firm’s San Francisco office. He acts for export credit agencies, banks, lessors and airlines alike and has experience practicing at top U.K. and U.S. firms in connection with aircraft operating leases, asset-backed securitizations and other capital market offerings, commercial aircraft financings, European export credit agency (ECA) backed aircraft financings (fixed wing and helicopters), and U.S. Ex-Im Bank backed aircraft financings. For a number of years he practiced as a structured and asset finance associate at a top magic circle firm in London, working on ECA and commercial aircraft finance matters, ship finance, bank portfolio transfers and private yachts.
Dominic is the creator and general editor of Pillsbury’s World Aircraft Repossession Index, a publication that was launched in October 2015 and numerically scores the legal and political environment for aircraft repossessions in 57 jurisdictions worldwide. He is a regular speaker at ABA and other aviation industry events, and has co-authored several articles in matters concerning aircraft finance and leasing.
Dominic is admitted to practice in both England and Wales (solicitor) and the State of California. He holds an M.Eng. (Hons.) aeronautical engineering degree from Loughborough University in the U.K. and went on to study law at BPP Law School in London. He also holds an LL.M. from the University of California, Berkeley. Dominic was recently recognized as one of Airfinance Journal’s rising stars in the publication’s Guide to Aviation Lawyers 2015.