Chapter 15 of the U.S. Bankruptcy Code provides a streamlined process for recognition (a form of comity) of a foreign insolvency proceeding. However, courts are divided as to whether a foreign debtor must satisfy the general...more
In December 2018, the Frank LoBiondo Coast Guard Authorization Act (the “LoBiondo Act”) was enacted to, among other things, improve and support the operation and administration of the Coast Guard and update maritime and...more
On June 15, 2020, the Federal Reserve Bank of Boston (“Boston Fed”), which administers the Main Street Lending Program (“MSLP”), announced that the program is now open for lender registration. We refer you to our earlier...more
As we previously reported, the Federal Reserve Board’s Main Street Lending Program (“MSLP”) is soon expected to be up and running. In a significant move toward launching the program, on May 27, 2020, the Federal Reserve Bank...more
On April 30, 2020, the Federal Reserve Board ( the “Fed”) announced changes to the Main Street Lending Program originally announced on April 9, 2020, expanding the types of facilities and the eligibility of lenders and...more
In a continuing series of measures to support the U.S. economy during the COVID-19 national emergency, the Board of Governors of the Federal Reserve System has announced the exercise of powers under Section 13(3) of the...more
The title III debt-adjustment proceedings for the Commonwealth of Puerto Rico and its agencies have yielded several important and, in some cases, groundbreaking rulings by the U.S. District Court for the District of Puerto...more
Note from the Editor -
Spring seems to be upon us, at last. Perhaps we have no right to complain about the weather, but that has never stopped us! It seems like our New York, Washington, D.C., and Philadelphia offices...more
4/2/2019
/ Ballast Water Management ,
BOEM ,
Coast Guard ,
Department of Homeland Security (DHS) ,
Federal Maritime Commission ,
Maritime Transport ,
Offshore Wind ,
Shipping ,
Trump Administration ,
Vessels ,
Wind Farm
In its July 2018 session, UNCITRAL adopted and promulgated the Model Law on Recognition and Enforcement of Insolvency-Related Judgments (“MLIRJ”). The MLIRJ has been developed over the last four years by UNCITRAL’s Working...more
What #MeToo Means for the Maritime World -
The #MeToo movement has shone new attention on issues for employers in the maritime industry seeking to ensure that seafarers and shore-based personnel can participate in a work...more
Ballast Water Management: The Conundrum Continues -
It has been about 15 months since the U.S. Coast Guard (“USCG”) type-approved the first three ballast water management systems (“BWMSs”) in December 2016; three more...more
5/3/2018
/ Ballast Water Management ,
Chapter 11 ,
Coast Guard ,
Commercial Bankruptcy ,
Cybersecurity ,
Department of Homeland Security (DHS) ,
Drones ,
Email ,
Hurricane Harvey ,
Hurricane Irma ,
Jones Act ,
Maritime Transport ,
Outer Continental Shelf ,
Technology ,
Trump Administration ,
Vessels
Russian Insolvency Proceedings Recognized under Chapter 15 of the United States Bankruptcy Code -
Blank Rome LLP’s bankruptcy team has the distinction of representing foreign representatives of Russian debtors in two...more
What’s different about “change” in 2017? It certainly seems that we need to redefine what we mean when we consider the term itself.
Shipping historically has been a conservative industry, but its adaptability over the...more
The Supreme Court’s 2016–2017 term began last week with attention to two bankruptcy issues: Structured dismissals and insider claims.
Structured Dismissals: -
Structured dismissals occur when a company’s assets in...more
On June 27, 2016, the Supreme Court of the United States (the “Court”) denied Midland Funding LLC’s petition for certiorari in Madden v. Midland Funding, thereby letting stand a ruling by the Court of Appeals for the Second...more
Action Item: When a secured loan is being paid off, lenders routinely authorize the borrower’s counsel to prepare and file UCC termination statements releasing the lender’s security interest in the borrower’s property. ...more