As you are likely aware, there has been recent news regarding the U.S. economic sanctions imposed on Turkey (i.e., the “Syria-related Sanctions”). The Treasury’s press release is available here. Based on our review of the new sanctions, here are some things to note for both US and foreign based forwarders that do business with Turkey. […]
GKG Law's Keith Swirsky and Troy Rolf recently led a detailed webinar on the topic "Bonus Depreciation Update / TCJA Update Provisions." The webinar consisted of two parts: (i) Part 1 included an update regarding the availability of bonus depreciation and rules relating to the application of bonus depreciation in the context of an aircraft acquisition; (ii) Part 2 provided a detailed […]
GKG Law recently prevailed on summary judgment in the United States District Court for the Southern District of New York against The Containership Company (“TCC” ) in a case involving claims in excess of $8 million. GKG Law serves as counsel for over 20 defendants in this litigation which began in 2011 after TCC filed for bankruptcy in […]
On September 26, 2019, the Federal Maritime Commission issued a Notice of a series of new notices of proposed rulemakings that have significant potential effect on OTIs and vessel operators. At this point, the actual NPRMs have not been issued, so it is not clear what issues are to be specifically addressed. Nevertheless, the press […]
In the 19th century, interest in populating the West grew but there was not a sufficient transportation structure to do so. To facilitate the settlement and development of the West, Congress granted railroads various rights of way under the “pre-1871 Acts” and the General Railroad Right-of-Way Act of 1875. The Acts were intended to provide […]
On September 12, 2019, the Surface Transportation Board (“Board’) issued a Notice of Proposed Rulemaking that would streamline the process by which a rail shipper demonstrates the Board has jurisdiction to review whether the shipper’s rates are reasonable because the railroad has “market dominance” over the transportation, i.e., no effective competition exists to discipline the […]
On September 12, 2019, the Surface Transportation Board (“Board”) announced it will hold a public hearing on December 12, 2019 in an area of railroad policy that is extremely important to the STB’s regulation of railroad rates and the procedures for challenging them: railroad “revenue adequacy.” How “revenue adequacy” is determined by the Board and […]
On September 12, 2019, the Surface Transportation Board (“Board”) issued a Notice of Proposed Rulemaking that constitutes another attempt by the Board to increase the ability and willingness of captive rail shippers to seek review of rail rates through formal complaint proceedings before the Board. Under this latest proposal, the Board would establish a Final […]
On September 13, 2019, the Federal Maritime Commission issued a Notice of Proposed Rulemaking in its Docket No. 19-05, Interpretive Rule on Demurrage and Detention Under the Shipping Act. (A copy of the text of the NPRM can be found here). This NPRM arises out of the Commission’s Fact-Finding No. 28 Investigation which was undertaken and […]
Aircraft owners frequently arrange for aircraft management companies to provide full-service management of their aircraft for aircraft operations under Federal Aviation Regulations (“FAR”) Part 91. However, when the aircraft management company contracts with the aircraft owner, there is the so-called “Flight Department Company Trap” that can result in serious negative consequences. Some background will be […]