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Corporations with private fleets in the U.S., as well as for-hire carriers, have begun ordering faster than before. According to ACT Research, orders for Class-8 trucks increased by 62% in October compared with the previous month, and up 167% compared with year-ago levels. As the economy continues to strengthen, this trend will continue to grow and so will the need to replace aging equipment.
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‘Trial of the Century’ Takes on Hell or High Water
By Paul Bent
Will a Rising Tide of Managed Solutions Transactions Sink the Most Venerated of Leasing Provisions?
There is change afoot in the equipment leasing marketplace, and it portends a potentially seismic shift in the perception, usefulness and utility of the well-tested HOHW clause.
Recognizing the Signs of Financial Distress
By Steven Strom
Diagnosing financial distress, and the ability to address the relevant issues, is a necessary role of board members and senior executives.
Shipping Insolvencies and Texas Businesses
By Nicole Hay and Thomas Scannell
Texas businesses and their attorneys should be aware of legal and practical issues that may arise in the event of a shipping insolvency. Two particularly murky areas that have been illuminated by recent case law are maritime liens and reclamation rights.
Don't Lien on Me: Identification and Mitigation of Maritime Lien Risks in Marine Lease/Loan Transactions
By Robert J. Stefani
This article discusses the characteristics of maritime liens, the priority of these liens in relation to the desired first-priority secured position of a lender or lessor, and prudent practices for assessing and mitigating the risks posed by such liens.