Mon January 14, 2019 - Southeast Edition #2
CEG
Absolute Auctions & Realty Inc.
Absolute Auctions & Realty Inc. is a full-service online auction company that was founded in 1946. We began serving the auction and appraisal needs of the Hudson Valley, N.Y., and have expanded to serving the auction needs of clients all over the globe. Our clients include municipalities and private sellers selling one item or an entire fleet or estate.
We pride ourselves on our reputation and have dedicated ourselves to the auction method of marketing and promotion. Our professional team is always pursuing new technology and methods to better serve our clients and buyers. Our auctioneers are active members of both the National Auctioneers Association and the NYS Auctioneers Associations, serving as Past Presidents of both and currently on the Foundation board and teaching classes for the NAA.
Monday, December 21, 2020
Although certain readers’ eyes glaze over “boilerplate” choice of law provisions, the choice of law and the enforcement of choice of law for an aircraft lessor may have substantive economic consequences. For example, under U.S. commercial law, a lease with a nominal purchase option is characterized as a “non-true lease,” the commercial law equivalent of a secured acquisition financing. The implications for the lessor of that characterization when a lessee declares bankruptcy are significant and mostly adverse. However, as discussed in a recent California Bankruptcy Court memorandum of decision (the “Memorandum”)1, a conflicts of law determination by the court allowed the aircraft lessor in that case to avoid a recharacterization of its leasing transaction due to its choice of English law and the court’s application of English law in its decision.