The aviation industry came to a standstill in connection with the Covid-19 virus, and this has hit the airlines worldwide. We have seen a number of airlines defaulting on their lease agreements and loan facilities. The question of how to enforce security interests or repossess an aircraft has sadly turned out to be a question of interest for the lessors and the lenders worldwide.
Enforcement in Norway: Second decision from the Court of Appeal after Supreme Court quash in Deutsche Bank's enforcement action
1 Introduction to Norwegian enforcement
Foreign judgments can be enforced in Norway if (a) the parties have agreed to the jurisdiction of the foreign court or (b) there is a treaty between Norway and the relevant foreign country on the enforcement of judgments. Generally speaking there is only one treaty relevant for the enforcement of foreign commercial judgments in Norway, the Lugano Convention.