Search Results (13)
Documents on Admiralty And Maritime Law, Banking & Financial Services
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|THE CCAA’S “Administration Charge”: A Super Priority that Can Trump a Ship Mortgage|
Borden Ladner Gervais LLP;
September 24, 2013, previously published on September 2013The Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (“CCAA”) permits a court having jurisdiction over proceedings for the restructuring of an insolvent company to make certain orders, to secure payment of the fees of certain officials involved in those...
|CFTC Repeal of Exemption from Commodity Pool Operation Registration: Key Issues for Non-U.S. Fund Managers|
Thomas John Holton, Joshua B. Sterling; Bingham McCutchen LLP;
March 20, 2012, previously published on March 14, 2012In February 2012 the U.S. Commodity Futures Trading Commission (“CFTC”) rescinded the commonly used Rule 4.13(a)(4) exemption from the requirement to register as a commodity pool operator (“CPO”) under the U.S. Commodity Exchange Act (the “Rescinded Exemption”)....
|Enforcement of Judgments in New York: Koehler v. Bank of Bermuda Lt |
Jack A. Greenbaum; Blank Rome LLP;
March 19, 2010, previously published on March 2010Most participants in the marine industry are aware of the relatively short lived frenzy of Rule B attachments of electronic funds transfers being processed by intermediary banks in New York City. Most are also aware of the judicial holdings that such attachments could be avoided merely by...
|Recent Changes to SEC Rating Agency Reform Impose Burdensome Requirements on Structured Products Participants|
Cadwalader, Wickersham & Taft LLP;
March 16, 2010, previously published on March 3, 2010Recent amendments to rules of the Securities and Exchange Commission (“SEC”) relating to Nationally Recognized Statistical Rating Organizations (“NRSROs”) will require persons seeking a rating of structured products and asset backed securities to establish and maintain a...
|Additional Funding Provided for MARAD's Small Shipyards Grant Program|
Bryant E. Gardner, Constantine G. Papavizas; Winston & Strawn LLP;
January 19, 2010, previously published on January 2010On January 13, 2010, the U.S. Maritime Administration (MARAD) announced the availability of $14,700,000 in additional funding under the Small Shipyards Grant Program. The funding is provided by the Consolidated Appropriations Act of 2010, which President Obama signed on December 16, 2009. The...
|The Second Circuit Holds that Electronic Fund Transfers Processed by an Intermediary Bank are not Property Subject to Attachment under Rule B|
Lane Powell PC;
December 3, 2009, previously published on November 24, 2009On October 16, 2009, the Second Circuit Court of Appeals issued its decision in The Shipping Corporation of India v. Jaldhi Overseas Pte Ltd. The Court held that electronic fund transfers ("EFTs") processed by an intermediary bank are not property subject to attachment under Rule B,...
|Recent Developments in Rule B Attachment Practice in New York|
Thomas H. Belknap; Blank Rome LLP;
August 4, 2009, previously published on July 2009To say that the law of Rule B maritime attachments has been a moving target would be a bit of an understatement. Since my last article on the subject in January 2009, there have been several important developments, and there are several more on the near horizon.
|United States Imposes New Sanctions against Iranian Carrier and Urges Marine Insurers and Reinsurers to Implement Exiting Sanctions|
Lawrence B. Brennan; Wilson Elser Moskowitz Edelman & Dicker LLP;
October 3, 2008, previously published on September 2008On September 10, 2008 the United States imposed economic sanctions on the Islamic Republic of Iran Shipping Lines(IRISL), owned by the Islamic Republic of Iran and reportedly used by the Iranian defense ministry for logistical support of Tehran's nuclear program.
|Counsel to Counsel Magazine -- May 2008 Complete Issue|
April 29, 2008President's Letter: These are difficult times for many companies, but such times
usually call the legal function to the fore.
It's clear that the current economic slowdown has put real
strain on corporations. The cash crunch has tightened business
lending and made restructuring a more...
|Pennsylvania Legislative Alert: Governor Signs Legislation Amending Act 600|
Joel S. Barras, Scott E. Blissman, Joseph C. Rudolf; Reed Smith LLP;
February 17, 2006, previously published on February 10, 2006On December 22, 2005, Governor Rendell signed into law Act 89, which amends
the Police Pension Fund Act (commonly referred to as "Act 600"). The Amendment
changes Act 600 in two key respects.