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A summary of recent developments in the real estate sector impacted by COVID-19 including landlord and tenant impacts and the future of the workspace, the implications of the increasing use of drones, and the impact of Japanese knotweed in UK property transactions.
Kennedys has continued its growth in the Middle East with the opening of a new office in Muscat, in the Sultanate of Oman. This office opening is in response to client demand for a presence in Oman, and sees Kennedys become the only international insurance-focused law firm in the country.
The Air Traffic Management and Unmanned Aircraft Bill was introduced on 31 December 2020 and, having enjoyed swift progress through parliament, received Royal Assent and became an Act of Parliament on 29 April.
Further to our earlier article on the impact of drones on the real estate sector, we consider the red tape surrounded by the use of drones and the wider implications on operators and pilots.
We are pleased to announce that the publication of the 2021 edition of The Legal 500 Europe, Middle East and Africa has seen us build on our 2020 achievements.
On the surface, the London Market enters 2021 looking very different to its 2020 version. Underwriting rooms lay empty, offices unoccupied, pubs eerily quiet. But beyond the physical stillness, this world leading hub has not paused for breath. Digital systems and solutions have taken centre stage as the London Market has responded to a seismic shift in working patterns and insurance risks.
As airlines continue to weather the pandemic storm, lessors are bracing themselves for an increasingly difficult landscape. In an appeal decision emanating from Australia last month, the Federal Court in New South Wales, handed down a decision that will weigh heavily on global decision-makers at banks and lessors.
After 197 countries signed the Paris Agreement in 2015, there has been a call for industries to solidify proposals to tackle climate change. Additionally, the onset of the COVID-19 pandemic has amplified the effects that these industries have had on the environment.
Kennedys is celebrating 20 years in Hong Kong, and is also moving to new offices.
Case review 29/10/2020
Come fly with me, let's fly, let's fly away - to ‘give possession’ does not include flying aircraft engines home
In VB Leaseco Pty Ltd (Administrators Appointed) v Wells Fargo Trust Company, National Association (trustee)  FCAFC 168, the Full Federal Court of Australia has overturned a first instance decision requiring Virgin’s Administrations to redeliver leased aircraft engines to Florida.