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Cape Town: Rail Just Around the Bend, Satellites Just over the Horizon
For the last nine months, participants in the aircraft leasing and finance industry have been dealing with the newly formed international registry for the registration of interests in aircraft and the changes in substantive law governing aircraft sale, lease, and finance transactions brought about by the ratification of the Cape Town Convention on International Interests in Mobile Equipment and the related Aircraft Protocol. The Convention and Aircraft Protocol were developed and are being promoted by Unidroit and the Aircraft Working Group, an organization whose members include Boeing, Airbus, General Electric, and Citibank. So far, 11 countries, including the United States, have ratified both the Convention and the Aircraft Protocol. Next up for the Cape Town Convention is its application to rolling stock and possibly later satellites and other space assets.
Unidroit and the Intergovernmental Organisation for International Carriage by Rail have scheduled for this February in Luxembourg a diplomatic conference for the finalization and adoption by Unidroit's member countries of a rail protocol that would make the Cape Town Convention applicable to the leasing and financing of rolling stock. The Cape Town Convention and the rail protocol would then govern rolling stock leasing and financing transactions in each country that later ratifies them.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
Disconnect Between In-House and Outside Counsel
'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.