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An op-ed by Eric Lewin, Founder of The Law Offices of Eric Lewin Does the Cape Town Convention (CTC) shield Aviareto Limited (Aviareto) from liability for its failure to comply with economic sanctions and export controls? This question is important: Aviareto has a monopoly over a territory comprised of 83 countries and 1 Regional … Continue reading "Sanctions: “What, me worry?”"
Manx Radio will no longer be producing the TT Radio commentary as the Department for Enterprise has taken the production of Radio TT ‘in-house’. ...
In its recent decision in AirAsia X Berhad v BOC Aviation Limited (Originating Summons WA-24NCC-467-10/2020), the high court held that a scheme of arrangement under Section 366 of the Companies Act 2016 is an insolvency-related event for the purposes of the Convention on International Interests in Mobile Equipment (the Cape Town Convention) and the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment (Aircraft Protocol). The Cape Town Convention is an international treaty intended to standardise transactions involving movable pro...
meaningful attorney involvement and debt sale restrictions. Parts I and II were both adopted pursuant to the Bureau’s authority under the Fair Debt Collection Practices Act and not its UDAAP authority under the Dodd-Frank Act, and are effective November 30, 2021. Part II of the final rule has three primary components, dealing with (1) the collection of time-barred debt, (2) passive debt collection, and (3) validation notices. Time-Barred Debt Part II includes prohibitions against taking or threatening legal action on time-barred debt, as was the case with the proposed rule. See §1006.26...
Monday, December 21, 2020 The United Kingdom’s Corporate Insolvency and Governance Act 2020 (CIGA) shifted the focus of the United Kingdom’s insolvency regime from administration and liquidation to rescue and recovery and introduced a number of interesting new features that apply to companies experiencing financial difficulties. This article considers how certain of these features fit into the insolvency regime of the Cape Town Convention.1 Of primary interest, CIGA permits a company experiencing financial difficulties to propose an arrangement or compromise with its creditors (...