For the aviation sector, the first half of 2020 has sadly been defined by the many challenges brought on by the coronavirus pandemic, resulting in operational and economic disruption across the globe. Now six months in, the industry is taking stock, adapting strategies and mapping out future plans for business post COVID-19.
Aviation’s emergence from this crisis will need to involve practical measures, including insolvency proceedings, the re-negotiation of aircraft leases, corporate triage to determine what aspects of an aviation business can be saved and how investors can recover their interests to the fullest possible extent.
DFDL now unveils the third part in our ‘Aviation in Southeast Asia – Beyond the Horizon’ series focusing on Bangladesh. This Q&A edition outlines the aviation regulatory regime in Bangladesh undergirding restructuring and insolvency matters for airlines, aircraft leasing companies and owners when it comes to issues such as de-registration, repossession, secured and unsecured creditors’ rights and avenues to pursue claims or seek redress through the Bangladeshi courts or via foreign arbitration.
The information provided here is for information purposes only, and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations.
Partner & Managing Director, Bangladesh
Associate Partner, Bangladesh