Business Organization › Finance & Banking › Transportation Law

HB 85 – Act Relating to Public-Private Partnerships

In the wake of the recent recession, a number of states, including Florida, are exploring new and innovative solutions to the problem of insufficient funding for the construction and improvement of public facilities. At the...more

Case Study: A Landmark in the History of U.S. Public-Private Partnerships

“The $2.6 billion deal to lease San Juan’s Luis Muñoz Marín International Airport to a private consortium is being watched by bankers and industry officials keen to import a business model that is widely used in Europe and...more

Maryland Transit Administration Issues RFI on New Purple Line and Red Line

This week the Maryland Transit Administration (“MTA”) issued a Request for Information (“RFI”) requesting private sector involvement to collect best practices for delivery and financing of the planned Maryland National...more

Maryland Passes P3 Legislation

Legislation encouraging the use of public-private partnerships (P3s) to address Maryland’s growing infrastructure needs has been passed by the General Assembly and signed into law by Governor O’Malley with bipartisan...more

Public-Private Partnerships A Winning Strategy

The global recession was unkind to communities across the United States and around the world. Facing diminished tax bases, frozen capital markets and a reduction in federal and state funding, many local governments shelved...more

Public-Private Partnerships – The Future May Be Sooner Than Thought

Public-Private Partnerships, also known as P3, are evident in Florida. A P3 is a contractual relationship between a public agency and private entity that agree to share risk and rewards of a project. Historically, these...more

Public-Private Partnerships, Seaports, And The New Normal

A recent article in the PPP Bulletin, “Change we can believe in?”, explains that “PPPs are the new normal” for infrastructure projects in the United States, and public-private partnerships are being relied upon for responses...more

I Don’t Care How Much I Pay (too Much, the Magic Bus)* – Part II

In a prior post, we noted that the U.S. Department of Justice and State of New York filed an antitrust complaint that seeks to unwind a joint venture formed in 2009 by two competing tour bus operators in New York City....more

P3 Opportunities Ahead For Public Transportation Systems

Moving forward, some of the most exciting opportunities for public-private partnerships will be in the area of public transportation. Traditionally, public transportation systems have been constructed and operated solely with...more

Pennsylvania Joins Growing List of States with P3 Legislation

Pennsylvania’s General Assembly paved the way for the use of public-private partnerships (P3s) when it passed legislation on June 30, 2012, giving the Commonwealth the ability to lease transportation assets to the private...more

Madlyn Primoff - Industries Facing Bankruptcy [Video]

Madlyn Primoff, Partner, Bankruptcy & Restructuring Practice, Kaye Scholer LLP, discusses the trends and developments likely to affect bankruptcy and distressed companies in 2012 and 2013. Primoff particularly focuses on what...more

Bankruptcy: A Cyclical Business [Video]

Madlyn Primoff, Partner, Bankruptcy & Restructuring Practice, Kaye Scholer, discusses the trends and developments likely to affect bankruptcy and distressed companies in 2012 and 2013. Primoff particularly focuses on what a ...more

P3s meet transportation needs

Originally published in the Colorado Real Estate Journal, November 16, 2011 - December 1, 2011. It is no secret that Colorado’s budget crisis has immobilized transportation funding, as is the case nationally....more

Aircraft Finance in Aruba

This month marks the first anniversary of the entry into force in Aruba of the Cape Town Convention on International Interests in Mobile Equipment and the Protocol thereto on Matters specific to Aircraft Equipment. The Cape...more

In re: General Motors Corporation

Debtor's Voluntary Petition for Protection of Chapter 11

General Motors filed for Chapter 11 bankruptcy, listing $82.29 billion in assets and $172.81 billion in debt. It is the fourth largest bankruptcy in U.S. history....more

GM's Wagoner, Stocks and The Window Seat Tribe

Shame-based punishment is a strategy that dates back to the 16th century. Thieves or petty criminals were routinely put in stocks and placed in the town square, receiving their comeuppance in the form of verbal ridicule,...more