Long experience as counsel in aviation debt recovery actions
Our debt recovery team has many years’ experience acting as counsel for IATA, including its member airlines, against major clearing banks over liability to account for trust monies arising from ticket sales, as well as for related debt recovery actions, and asset tracing, against defaulting travel agents.
We also have wide experience in debt recovery actions (including asset seizures and bankruptcy proceedings), across multiple jurisdictions including the Afghanistan, Bahrain, Dubai, France, Hong Kong, Italy, Mainland China, Moldova, Philippines, Russia, Spain, Taiwan, Thailand, UAE, UK, Ukraine and the US.
We offer a no win, no fee service for aviation debt recovery in Mainland China.
We have also recently begun to work in conjunction with a pioneering provider of dispute finance (i.e. third party funding), in relation to work of this nature. This has included closing a Corporate Portfolio Deal with an aviation client, which is the largest Corporate Portfolio Deal in the history of disputes funding.