Milbank, Tweed, Hadley & McCloy LLP advised aircraft lessor and financier Altavair AirFinance, a leader in commercial aviation finance, on its agreement to form a long-term partnership with leading global investment firm KKR & Co. Under the partnership, KKR has made a $1 billion capital commitment, primarily from its credit and infrastructure funds, which may be supplemented with additional commitments over time, to acquire commercial aircraft with Altavair over the next several years, and […]

The Monetary Authority of Singapore (MAS) recently published a consultation paper (the MAS CP) proposing changes to the exemption framework for business arrangements between financial institutions and their foreign related corporations (FRCs).

These arrangements, commonly known as ‘Paragraph 9’ and ‘Paragraph 11’ arrangements, allow FRCs of Singapore regulated entities which hold a licence or exemption under the Securities and Futures Act (Cap. 289) (SFA) and/or the Financial Advisers Act (Cap. 110) (FAA), to provide their […]