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Preventing Aircraft Leases From Being Clawed Back in Bankruptcy


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Structuring and Practice for Aircraft Leases to Prevent Lease Payments From Being Clawed Back in a Lessee Bankruptcy
Friday, April 9, 2021
Key Points
The risk that prepetition lease payments made by a lessee that is a debtor in a US bankruptcy will be clawed back from an aircraft lessor can be reduced if:
the lease is a true lease rather than a disguised secured loan or finance lease
one or both of basic rent and maintenance reserves are payable in advance (i.e., at the beginning of a rent period rather than at the end)
basic rent and maintenance reserves are payable monthly rather than quarterly or semiannually ....

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The mail is late. Audit of Lehigh Valley postal service distribution facility seeks answers.


The mail is late. Audit of Lehigh Valley postal service distribution facility seeks answers.
Updated Mar 17, 2021;
Posted Mar 17, 2021
The U.S. Postal Service s Lehigh Valley Processing & Distribution Center in Hanover Township, Lehigh County, sorts through packages in 2015. The facility is under audit by the USPS inspector general for delays in mail delivery. The inspector general s office says it is standard practice to select “the most challenged USPS facilities across the country.”Sue Beyer | lehighvalleylive.com file photo
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An ongoing audit of a Lehigh Valley postal distribution facility seeks answers and solutions to lengthening delays in mail delivery.
The investigation by the U.S. Postal Service inspector general’s office was initiated last fall to examine the Lehigh Valley Processing and Distribution Center, a sorting hub off Route 22 in Hanover Township, Lehigh County. Results are anticipated this spring. ....

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FDA Announces Increased Inspections and Enforcement Actions, Additional Guidance to Reduce Toxic Elements in Food for Babies and Young Children | Faegre Drinker Biddle & Reath LLP


Recommended Threshold
A February 4, 2020, report issued by U.S. House of Representatives Committee on Oversight and Reform Subcommittee on Economic and Consumer Policy examined heavy metal levels in baby food products (the Report). The Report found high levels of heavy metals (inorganic arsenic, lead, cadmium and mercury) in the final products. The Report concluded baby foods are “tainted” with toxic heavy metals and criticized FDA’s lack of regulatory action on ensuring the safety of baby food.
The Report recommended FDA adopt the following actions:
Mandatory testing of finished products
Labeling: Require disclosure of heavy metal levels on food labels ....

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