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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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Food & Beverage Litigation Update l March 2021 #2 | Shook, Hardy & Bacon L.L.P.

Food & Beverage Litigation Update l March 2021 #2 | Shook, Hardy & Bacon L.L.P.
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Juice Company Ordered to Destroy Product and Sanitize Facilities in Consent Decree

Agriculture
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January 19, 2021
On Thursday, the Eastern District of Washington issued a Consent Decree of Permanent Injunction in a lawsuit filed by the United States against juice producer Valley Processing, Inc. and its owner, who were accused of selling juice in unsanitary conditions. The company, which provides juice to schools for lunch programs, was ordered to destroy all of its products within 270 days of the decree and update the Food and Drug Administration (FDA) on its progress.
The lawsuit, which was filed in November, accused the company of producing and selling contaminated juice products and reported that the FDA had found dead and live animals within the facility and 10 year-old grape juice concentrate being stored outside, which was contaminated with mold. The company, which provides almost 3 million servings of apple juice to schools and sells pear and grape juice in California and other states, was accused of not controlling molds th ....

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Ninth Circuit Consent Decree Against Juice Processor

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US court intervenes after FDA found arsenic in juice

A US court has entered a consent decree ordering a juice manufacturer to stop distributing after the FDA found arsenic in some products. ....

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