Patrick Gearon FCIArb

Charles Russell Speechlys LLP, in its capacity as Liquidator of Awal Bank BSC(c) (In Liquidation) (“Awal Bank”), has had its rejection of over US$2.8 billion of claims submitted in Awal Bank’s liquidation estate by the trustees in bankruptcy of certain connected parties upheld by the Bahrain High Court.

Introduction Contributing USD 4.1 trillion, or 3.9%, to the total global Gross Domestic Product and supporting 86.6 million jobs worldwide, aviation is an industry involving high-value transactions, complex supply chains, and longstanding and intricate commercial relationships across the globe. Aircraft development programmes and purchases, leasing arrangements, maintenance agreements, and slot allocations are all likely to involve substantial sums of investment and long-term commitments.