mojtaba Eshraghi Arani
Abstract
Aircraft finance has been followed with various legal challenges in international venue as a result of the aircraft natural characteristics; so that financiers have always faced with risk of non-recognition of thier rights or related privilages or denial of or inefficient exercise of of their remedies ...
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Aircraft finance has been followed with various legal challenges in international venue as a result of the aircraft natural characteristics; so that financiers have always faced with risk of non-recognition of thier rights or related privilages or denial of or inefficient exercise of of their remedies in relation to the aircraft by other countries. The first international effort for solving the said problems was realized in Geneva Convention on International Recognition of Rights in Aircraft(1948) but due to its deficiencies did not obtain the financiers’ acceptance. Consequently another deal was necessarry to minimize the above-said challenges further to removal of the Geneva deficiencies. This purpose was realized in Cape Town Convention on International Interests in Mobile Equipments after half of a century in 2001. Experts believe that Cape town Convention has produced more clarity and certainty in aircraft finance and consequently has made increase of its availability and reduction of its expenses. This article has argued that the said results come from six legal principles which are inferrable out of the provision of the Cape town convention and form its fundamentals.
Mahmoud Bagheri; Hedayat Farkhani; Seyed Mohammad Tabataba'i Nejhad
Abstract
Banks play an important role as an intermediary in the financial system between
the lenders and applicants of financial sources. They absorb the financial
sources of customers and present them to applicants. Their financial relations
are arranged on the basis of the credit rating of their applicants. ...
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Banks play an important role as an intermediary in the financial system between
the lenders and applicants of financial sources. They absorb the financial
sources of customers and present them to applicants. Their financial relations
are arranged on the basis of the credit rating of their applicants. The financing
restrictions and complexity of banks relations and inherent risk of financing
have made the banks to design a model to fund their financial sources and
distribute their various risks. One of these models is financing by using
syndicated loans. Since most of the big projects need a high amount of financial
sources, the use and significance of syndicated loans is increasing. In this paper,
we tried to examine the concept and structure of syndicated loans by using an
analytical and descriptive model which explains the necessity of using this
method in the legal and economic system of Iran. We concluded that the main
reasons given for non-use of this method are the lack of adequate legislations in
this field and the absence of information transparency in the contractual
structure of such credits as well as the legal rules governing relations between
syndicate members.
Hassan Moradzadeh; Neda Askarinia
Abstract
Banks play an important role as an intermediary in the financial system between
the lenders and applicants of financial sources. They absorb the financial
sources of customers and present them to applicants. Their financial relations
are arranged on the basis of the credit rating of their applicants. ...
Read More
Banks play an important role as an intermediary in the financial system between
the lenders and applicants of financial sources. They absorb the financial
sources of customers and present them to applicants. Their financial relations
are arranged on the basis of the credit rating of their applicants. The financing
restrictions and complexity of banks relations and inherent risk of financing
have made the banks to design a model to fund their financial sources and
distribute their various risks. One of these models is financing by using
syndicated loans. Since most of the big projects need a high amount of financial
sources, the use and significance of syndicated loans is increasing. In this paper,
we tried to examine the concept and structure of syndicated loans by using an
analytical and descriptive model which explains the necessity of using this
method in the legal and economic system of Iran. We concluded that the main
reasons given for non-use of this method are the lack of adequate legislations in
this field and the absence of information transparency in the contractual
structure of such credits as well as the legal rules governing relations between
syndicate members.
