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Down the Rabbit Hole: Bankruptcy Practice In Uncertain Times
The world — and particularly the U.S. economy — is navigating unprecedented and turbulent times. For bankruptcy professionals, it may feel as though we’ve fallen down Alice’s rabbit hole, where the rules we've long understood and accepted no longer apply. In this new reality, uncertainty defines both the global and American economic landscapes.
For example, the U.S. government has lost its AAA credit rating, leading to spiking Treasury yields. This raises borrowing costs at a time of record federal deficits. Compounding the issue, China — one of the largest holders of U.S. debt — is now engaged in an escalating trade war with no clear resolution in sight.
Tariffs have been levied on almost every major trading partner, particularly China. These actions are disrupting global supply chains and prompting corporate responses to the uncertainty surrounding the availability of goods. Economists report that the U.S. is now experiencing the highest levels of trade and economic uncertainty since 1901.
Meanwhile, Congress is gridlocked over budget and fiscal policy. While Republicans control of both chambers on Capitol Hill, there has been little indication of how bipartisan cooperation might unfold. Internal disagreements among Republicans have made fiscal resolution elusive, and the failure to address pressing issues — such as tax policy, debt management, and budget reform — only adds layers of uncertainty to an already shaky economic foundation.
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The Article 8 Opt In
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
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.
Warehouse Liability: Know Before You Stow!
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Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?