Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

The Corporate CounselorKickerFeaturesTopicsCommercial LawSectionsNewsLJN Newsletters

Staying Afloat Through the Flood

By Jonathan M. Cohen and Barry I. Buchman

The Mississippi River floods in Spring 2011 proved to be among the largest and most damaging along the U.S. waterway in the past century, rivaling the major floods of 1927 and 1993. In addition to the massive property damage that the floods have caused, the floods also threatened to cause immense disruptions along one of the country's most important trade routes. In one instance, the Coast Guard temporarily closed a large section of the Mississippi River to both northbound and southbound traffic, and more closures might be on the horizon.

In past major Mississippi River floods, these types of trade disruptions resulted in companies incurring very large losses as they lost access to suppliers and could not get their products to market. Companies in virtually every industry can be affected. For example, the Mississippi River is the key waterway for U.S. grain exports, and multiple food companies rely on the Mississippi River as a relatively inexpensive transportation throughway. The Coast Guard's closing of 15 miles of the Mississippi River at the port of Natchez, MS, reportedly meant that several barges already were idled at Natchez, and many more ships might be stopped cold if more closures occur. Flooding also could shut down railways and highways, further disrupting distribution chains.

This premium content is locked for Entertainment Law & Finance subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
The Article 8 Opt In Image

The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.

Major Differences In UK, U.S. Copyright Laws Image

This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.

Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers Image

There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.

Strategy vs. Tactics: Two Sides of a Difficult Coin Image

With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.

Transfer Tax Implications on Real Property Leases Image

The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.