Forfeiture and the Operating Lease
Law Quarterly Review, 126 505-507, 2010
Posted: 10 Jun 2015
Date Written: 2010
Comments on the Commercial Court judgment in Celestial Aviation Trading 71 Ltd v Paramount Airways Private Ltd on whether, in a claim relating to non-payment of rent on three aircraft with a useful life of around 20 years, the lease agreements for the aircraft, each for a term of 8 years, involved the transfer of proprietary or possessory rights and whether the right to forfeiture was to secure payment of rent.
JEL Classification: K00
Suggested Citation: Suggested Citation