The inaugural edition of the Transport Finance Law Review is intended to provide the industry with a guide to transport finance today, in each of the key jurisdictions globally in which aircraft, rolling stock and ships are financed.
Traditional asset finance, in the form of bank debt, has long been the mainstay of the transport sector. It is apparent however that debt finance alone is not currently sufficient to meet the needs of the global aviation, rail and shipping sectors.
As a result, the transport finance sector is undergoing a revolution, requiring its legal advisers to respond by providing clients with a far broader set of legal skills and market knowledge.
We have sought contributions from those jurisdictions which play a leading role in the financing of transport assets. Each chapter provides an overview of the transport finance industry in these jurisdictions, with an analysis of how key lenders have changed over the past five years and how the financing of assets has developed as a result.
Contributors have provided an explanation of the legislative framework for transport finance and financial regulation affecting lenders to the transport sector. Each author has also been asked to review any significant innovation and notable recent and pending financings and cases, and to provide an assessment of how the transport sector is likely to continue to develop in their market.
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