Aviation Finance Law reposted this
A short note on the latest decision in VietJet v FW Aviation - it’s “as you were” with the Court of Appeal dismissing all VietJet appeals from the 2024 High Court decisions. In particular: in the context of security assignments, emphasis was again placed on the distinction between day-one assigned rights, on the one hand, and other rights and remedies exercisable only following an enforcement event, on the other. Also, “Financial institution” is to be construed broadly.