GKG Law successfully represented an aircraft owner in a recent case involving the lease of a Gulfstream V (“the Aircraft”). The GKG Law Litigation team, led by Principal Brendan Collins, filed suit in the Southern District of New York alleging breach of the parties’ lease agreement based upon the lessee’s failure to timely pay rent and […]
The IRS has issued Excise Taxes; Transportation of Persons by Air; Transportation of Property by Air; Aircraft Management Services, proposed regulations relating to federal excise taxes for aircraft owners that utilize aircraft management companies. These proposed regulations, if finalized, would expand on the Tax Cuts & Jobs Act (TCJA) provision that codified that certain amounts […]
On July 14, 2020, President Trump issued Executive Order (E.O.) 13936, setting forth a tranche of regulatory changes enacting the new U.S. policy to treat Hong Kong as part of the People’s Republic of China (PRC). Historically, the U.S. has granted Hong Kong preferential treatment with regard to export restrictions in recognition of Hong Kong’s […]
GKG Law Principal Richard Bar was invited to serve as a panelist for U.S. Transactions Corp.'s Presidential Forum Association Executives Virtual Roundtable "The Return of In-Person Conferences/Events," which took place on July 30 from 9:30 – 11 am ET. The invitation-only session was moderated by American Trucking Association COO Elisabeth Barna and Aronson LLC Partner Greg Plotts. Discussion covered what associations are doing for […]
On Thursday, July 16 at 1 pm ET, GKG Law Principal Troy Rolf hosted the one-hour webinar Use of Ownership Trusts & International Registry Issues in Aircraft Acquisitions. During this session, Troy discussed the ins and outs of ownership trusts in business aviation. Additionally, he covered details of International Registry of Mobile Assets Transacting User Entity registrations, which are required in most […]
GKG Law, P.C. is pleased to announce that two firm principals have been recognized by Chambers and Partners for 2020. GKG Law Principal and President Keith G. Swirsky, who chairs the firm’s Business Aviation and Tax practices, was named to the Chambers High Net Worth 2020 guide for Private Aircraft – Global-wide (Band 3). Principal Thomas W. […]
The FAA recently extended to March 31, 2022 the long-standing exemption that allows NBAA member companies that operate certain small airplanes and helicopters to conduct certain flight operations under Part Section 91.501(b) that otherwise may only be performed under Part 91 by operators of larger, more complex aircraft, including some operations for which compensation is […]
Effective Tuesday, June 30, 2020, the Department of Commerce’s Bureau of Industry and Security (BIS) suspended all License Exceptions in the Export Administration Regulations (EAR) for exports and re-exports to Hong Kong, and in-country transfers within Hong Kong, that are not available for exports, re-exports, or in-country transfers to the People’s Republic of China (PRC). […]
For most trade associations and professional societies, the coronavirus pandemic has resulted in major reductions in members' revenues. With retail stores closed and professional practices dependent on virtual meetings between professionals and clients/patients, nonessential industries and professions experienced devastating decreases in revenues. Now that the economy is reopening, members of trade associations and professional societies […]
Between June 29 and Sept. 27, 2020, the new EEI filing requirements for exports to China, Russia, and Venezuela will only apply to ECCNs listed in Supp. No. 2 to Part 744 This past April, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued new rules to modify the Export Administration […]