Risk and the risk mitigation instruments have been assessed in order to ensure flexibility in the view of Project Sponsors and Project Company and these elements have been examined in detail according to project finance documental phases and project finan

Principally, the Turkish civil aviation legislation is prepared by two authorities in Turkey: Directorate General of Civil (“DGCA”) and the General Directorate of State Airports Authority (“GDSAA”). DGCA regulates and ensures the development of th

Due to technical developments and progress in international economic and political relations, air transportation has become the travel method of choice worldwide. However, despite these developments, the possibility of aviation accidents – and therefore

The Arabic term for Islamic securities, ‘sukuk’, is commonly used to refer to the Islamic equivalent of bonds. Such Islamic financial instruments provide the investor with a share of an asset and its cash flows and the risks involved without contravening

Directorate General of Civil Aviation, the regulatory body of civil aviation in Turkey, has promulgated a new Directive on aircraft nationality and registration marks on 12 September 2014 aiming to meet the requirements of Annex-7 of ICAO that will be app

A wet lease is a leasing arrangement whereby the lessor (ie, an airline or aircraft operator) provides an aircraft, along with its crew (either complete or only cockpit crew), maintenance and insurance (both hull and third-party liability), to a lessee (i

Turkey, even restructured its banking sector several times, has still not made sufficient progress in money laundering and compliance legislation for improvement of the inspection obligations. In particular due to its location bridging Europe to Asia attr