McAfee & Taft RegLINC - May 2012: Many commercial vehicles now regulated by the FMCSA By Jared Burden by McAfee & Taft on 5/17/2012 The Federal Motor Carrier Safety Administration (FMCSA) is the branch of the Department of Transportation that oversees rules and regulations regarding highway travel. The FMCSA is most widely associated with freight haulers...more
FERC Denies Market-Based Rate Application by Morgan Lewis on 5/10/2012 Failure to provide detailed cost data relating to the provision of oil transportation service causes FERC to deny a pipeline's request to charge market-based initial rates....more
NYC Taxi & Limousine Commission Board Members preside over monthly public hearing by Abrams Fensterman Fensterman Eisman Formato... on 5/9/2012 Abrams Fensterman partner, Commissioner Frank V. Carone testifies at a public hearing in which the TLC Commission proposed regulations which sought to implement the historic HAIL legislation that was signed into law by...more
GUARDCON by Reed Smith on 4/6/2012 All industry participants will be well aware of the difficulties caused by the recent flourishing of piracy in the western Indian Ocean and elsewhere. A whole vessel security industry continues to grow, particularly in Dubai,...more
IRS to Extend 7.5 Percent Federal Excise Tax to Cover Business Aircraft Operations -- Tax Significantly Impacts Business Aircraft... by Lane Powell PC - Aviation Law on 4/4/2012 If your aircraft is managed by a third party (or potentially by a related entity), or if your company manages aircraft, the IRS’s recent guidance expanding the applicability of federal excise tax will significantly impact...more
What’s done cannot be undone: The perils of e-mail confirmations of payments for vessel necessaries by King, Krebs & Jurgens, PLLC on 3/27/2012 Most contracts for the sale of goods and services contain a standard provision regarding the application of payments on overdue accounts, such as: “When more than one invoice is past due at the same time, Seller shall be...more
Transactions - The Top 10 Issues Facing the LNG Industry in 2012 by King & Spalding on 3/14/2012 A version of this article was published in the Oil & Gas Journal, Volume 110, Issue 2. Already witness to a number of changes in recent years, the global LNG industry in 2012 is likely to see further changes as...more
Proposed New Rules for In-Bond Transportation of Imports and Opportunity to Submit Comments by King & Spalding on 2/24/2012 On February 22, 2012, U.S. Customs and Border Protection (CBP) published a Notice of Proposed Rulemaking that proposes changes to regulations affecting in-bond transportation of imported merchandise. The Notice can be...more
Permits for the construction and commissioning of capital construction by Lidings Law Firm on 2/7/2012 Ministry of Regional Development is authorized to issue permits for the construction and commissioning of capital construction....more
When No Privity of Contract Qualifies as “Any Contractual Relationship” under OPA by King, Krebs & Jurgens, PLLC on 2/4/2012 Transactions to procure supplies for vessels engaged in international trade typically involve numerous international and local brokers, agents and contractors. The vessel operator or charterer will place an order...more
?hanges into legislation and case-law, affecting interests of airline carriers by Lidings Law Firm on 2/1/2012 On the 20th of December 2011 the Constitutional court of the Russian Federation has declared the Resolution, having sufficient impact on the formation of tariffs for airline transportation of children in the age of up to 12...more
Towards New Lending Models for Business Aviation by Giulia Mauri on 2/1/2012 A fundamental component to the growth of the Business Aviation industry is the availability of capital. However, after the 2008 Wall Street meltdown, it looks like banks have lost their appetite for business aircraft...more
A Checklist: What to Expect When Financing Vessel Construction by King, Krebs & Jurgens, PLLC on 1/23/2012 When seeking construction financing for a proposed newbuilding, shipowners should understand and be prepared to address the particular concerns that lenders have in assessing risk and documenting vessel construction...more
From The Capitol - The Year in Review - 2011 by Warner Norcross & Judd on 1/6/2012 In this issue; TAXATION - An Overhaul of State Tax Policy - Goodbye to Mega, Brownfield and Historic Tax Credits; Hello to Development and Revitalization Programs - Personal Property Tax Being Teed up for...more
Shipping and the New Personal Property Securities Regime by Nathan Cecil on 12/31/2011 The Personal Properties Securities Act 2009 (Cth) (“PPSA”) establishes a new system for the registration and preservation of security interests in any personal property (other than...more