Ship Finance Lawyer Joins Fulbright
A finance lawyer with a focus in the transportation industry, Brian P. Devine, joins the New York office of Fulbright & Jaworski L.L.P as partner. “Brian’s experience in shipping will increase the capabilities of our maritime practice,” said Thomas W. Hughes, the Chair of Fulbright’s Business Group. Devine advises clients nationally and internationally in finance and security arrangements; insolvency matters; mergers, acquisitions and divestitures; debt and equity offerings; sale and purchase; commercial transactions and disputes; and corporate governance and structure.
Column: MarAd's CCF: Orphan Child Or Financing Solution?
By H. Fulbright & Jaworski L.L.P. When the Congress returns to Washington in September, the attention of the Members and of industry representatives will be focused on renewing authorizations for two important maritime programs, the MARAD Title XI Program, and the MARAD/DOD Military Security Program. However, there is a third MARAD program that is at least equally deserving of this September's attention, it is MarAd's Capital Construction Fund ("CCF") Program. 1. CCF Tax Deferral Program: History, Scope & Terms. The CCF Program traces its history to the Revenue Act of 1920. Title VI of the Merchant Marine Act, 1936 ("1936 Act") authorized the creation of "regular" and "special" reserve funds into which U.S. citizen liner operators, that were engaged in providing U.S.
PVA:Moving Cargo, Passengers to the Water
As the U.S. Department of Transportation works to develop transportation policies to meet 21st Century needs, perhaps the most vexing problems faced are those associated with traffic congestion on the Interstate highways which parallel our Atlantic, Pacific and Gulf coastlines. Interstate 95, I-5 and I-10 carry automobile and truck traffic far beyond their design capacities. In the major metropolitan areas, which these highways intersect, the combination of interstate and local traffic increasingly slows vehicle movements to a crawl. More traffic is on the way. Additional highway lanes and intersections will not solve these problems. Properly fashioned waterborne trailer and container services and passenger ferry operations can and should.
