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Effective July 1, 2013, President Obama's Executive Order 13645 implements certain provisions of the Iran Freedom and Counter-Proliferation Act of 20121 (IFCA) and expands the Iranian sanctions regime to new sectors of Iran’s...more
Shipping has its fortunes anchored to the health of the global economy. As long as supply exceeds demand, there will be companies at risk of failure. More than four years into the industry’s downturn, market equilibrium...more
The United States has added three airlines from Europe and Asia, as well as two individual airline executives and 13 aircraft, to the list of Specially Designated Nationals (SDNs) due to the airlines’ support for Iran Air and...more
President Obama has issued a new Executive Order that goes into effect July 1, 2013. The Executive Order targets new areas of the Iranian economy for sanctions, including exchange transactions involving Iranian Rials and...more
Our Business Across Borders report series, written by The Economist Intelligence Unit, investigates the biggest issues facing global business. The first of five reports and video commentary, Licence to travel, examines...more
Lessors of tractors or trailers may be subject to California's regulations pertaining to the reduction of greenhouse gas emissions. California's regulations pertain to heavy-duty tractors and 53-foot or longer box-type...more
Two common types of arrangements between contracting parties can create excessive financial risk for a party. The first is a company serving as a middleman or payment agent by accepting funds from a customer and then...more
On 21 December 2012, the Council of the European Union (EU) adopted the EU-wide legislation clarifying important details of the expanded sanctions measures already agreed by the Council in broad terms on 15 October 2012.1...more
In This Issue: Recent Developments: - Transparency in Government. Georgia's laws regarding the transparency of government meetings and records had become a jumble of statutes, court opinions and lore that were...more
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
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
On October 13, the FMC issued a proposed rule that would clarify and ease Agency regulation of service contracts and NVOCC service arrangements (“NSA”). Under the current regime, the terms of such contracts or NSAs either...more
This article canvasses the following legal issues concerning airfinance transactions in Australia: registration and regulation of aircraft; debt security regimes (domestic and international); owner/operator/financier...more
On 7 June 2011, the Council of the European Union agreed Council Decision 2011/332/CFSP. The Decision set out the Council's intention to freeze the assets of six port authorities in Libya. The asset freeze took effect on the...more
An article today about auto repossession caught my attention. It was in the Dallas Morning News, and made the point that this is a bad time for the vehicle recovery business. I had assumed that with so many people out of work...more
Despite all the carping by media and polticians of both stripes, our clients affirm that Cash For Clunkers was a qualified success, in that it provided a needed shot in the arm for the entire industry. Although there was...more
Most maritime shipping companies were operating profitably through the summer of 2008 until the "perfect storm" of the credit crisis and the worldwide recession struck, leading to the collapse of both the commodity and...more
This article makes the public policy and efficiency arguments for the use of public private partnerships in the construction and operation of major public services and goods....more
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