For most trade associations and professional societies, the coronavirus pandemic has resulted in major reductions in member’s revenues. With retail stores closed and professional practices dependent on virtual meetings between professionals and clients/patients, non-essential industries and professions experienced devastating decreases in revenue. Now that the economy is reopening, members of trade associations and professional societies are asking […]
GKG Law Principal Keith Swirsky was invited to present during the June 2 Aero & Marine Tax Professionals webinar. Keith, who served as the opening presenter, discussed the steps involved in a successful aircraft transaction. He provided a detailed 8-week transaction timeline and also addressed issues that can arise post-closing. In addition to traditional webinar viewing, […]
To address complaints from rail users regarding unfair and burdensome demurrage and accessorial practices and charges of Class I railroads (Carriers), the Surface Transportation Board (Board) issued three decisions on April 30. They are as follows: Policy Statement The Policy Statement provides information on factors the Board will consider when evaluating the reasonableness of demurrage […]
GKG Law Associate Oliver Krischik was quoted by Radio Free Asia on May 29, in a piece discussing moves to intensify pressure on Chinese banks to violate sanctions against North Korea. Oliver noted that the United States Department of Justice's recent indictment describes a broad network of sanctions evaders that used Chinese financial institutions, among others, to launder North […]
GKG Law Principal Richard Bar was invited to serve as a panelist for the Association TRENDS Managing Your Association Through COVID-19 virtual two-day town hall event. Rich's panel, "To Sign or Not to Sign: The In Person Event Dilemma," took place on May 29 at 12:05 pm ET. Rich and his co-panelists discussed many of the decisions associations currently face with in-person […]
On Thursday, May 28 at 1 pm EDT, GKG Law hosted the webinar Ready to Buy & Fly? Best Practices & Teaming Strategies for a Successful Aircraft Acquisition with guest presenter Essex Aviation President and CEO Lee Rohde. During this one-hour event, attendees learned best practices to be undertaken by an aircraft purchaser in preparation for and during the process […]
The coronavirus (COVID-19) pandemic has disrupted business operations on a world-wide scale. As a result, many businesses have looked to government loans and aid to help offset their losses. It is important to remember, however, that business insurance policies also may cover some of your company’s losses depending on the language of your insurance policy […]
On April 30, 2020, the Surface Transportation Board (Board) issued a final rule in Docket No. EP 759, Demurrage Billing Requirements, which requires that a Class I carrier directly bill the shipper, rather than a warehouse, for demurrage occurring at destination. This requirement is conditioned upon there (1) being an agreement to that effect between […]
On April 30, 2020, the Surface Transportation Board (Board) issued a Supplemental Notice of Proposed Rulemaking (SNPRM) in Docket No. EP 759, Demurrage Billing Requirements, seeking additional public input on possible modifications to proposed rules on demurrage billing practices. Those proposed rules were originally issued in this docket on October 7, 2019 and resulted from testimony and comments submitted […]
On April 30, 2020, the Surface Transportation Board (Board or STB) culminated a process that began in the Fall of 2018 with the issuance of a final policy statement that provides shippers, receivers, and railroads with information on the principles the Board will consider when evaluating the reasonableness of demurrage and accessorial rules and charges in formal […]