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Structuring and Practice for Aircraft Leases to Prevent Lease Payments From Being Clawed Back in a Lessee Bankruptcy Friday, April 9, 2021
Key Points
The risk that prepetition lease payments made by a lessee that is a debtor in a US bankruptcy will be clawed back from an aircraft lessor can be reduced if:
the lease is a true lease rather than a disguised secured loan or finance lease
one or both of basic rent and maintenance reserves are payable in advance (i.e., at the beginning of a rent period rather than at the end)
basic rent and maintenance reserves are payable monthly rather than quarterly or semiannually
Chimera Capital Limited Lists An Exchange-Traded Fund Tracking The Performance Of Liquid UAE Listed Stocks On Dubai Financial Market ( Date
03/03/2021
Syed Basar Shueb: “Chimera S&P UAE UCITS ETF (A) accumulating share class gives investors further access to the increasingly appealing UAE market”
Hassan Al Serkal: “The second of its kind fund listing by Chimera Capital on DFM in six months clearly underlines the rapid expansion of this new asset class”
Seif Fikry, Chief Executive Officer (CEO) of Chimera Capital Limited, an Abu-Dhabi-based asset management firm and subsidiary of Chimera Investments LLC, today rang the Dubai Financial Market (DFM) market-opening bell to celebrate the listing of Chimera S&P UAE UCITS ETF (Bloomberg: CHAE), on the DFM under the trading symbol (CHAE).
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