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Liquidated Damages Purchase Agreement

A&O Shearman

Liquidated damages clause in aircraft purchase agreement not an unenforceable penalty

A&O Shearman on

The claimant aircraft manufacturer claimed damages under an aircraft purchase agreement for the non-payment of pre-delivery payments (PDPs) following the defendant’s failure to pay the PDPs and to take delivery of a number of...more

A&O Shearman

Liquidated damages payable on termination not unenforceable penalty

A&O Shearman on

The law around unenforceable penalty clauses is well-known but the question of how to apply it in practice is notoriously tricky. The court has recently looked at this issue again in De Havilland v Spicejet....more

Holland & Knight LLP

John Hoover Testifies for NBAA at IRS Hearing on Bonus Depreciation Regulations

Holland & Knight LLP on

The Internal Revenue Service (IRS) held a hearing on Nov. 28, 2018, regarding its proposed bonus depreciation regulations. Holland & Knight Partner John Hoover testified on behalf of the National Business Aviation Association...more

Latham & Watkins LLP

Key Differences Between European and US Private Equity Transactions

Latham & Watkins LLP on

Munich-based partner Jörg Kirchner and NY-based partner Eli Hunt discuss four key ways that private equty transactions in European and the US tend to differ. Kirchner, a Global Co-chair of Latham & Watkins’ Corporate...more

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