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Update on Vessel Leasing Issues

By Nancy L. Hengen and James H. Hohenstein
March 26, 2010

This article covers several vessel-leasing-related topics that have increasing prominence in today's world. The first topic highlights ship recycling issues, and the second discusses the increasing tendency to treat environmental events as criminal at both the individual and corporate levels. The third topic is a short discussion about Section 1110 of the Bankruptcy Code and why it is tantalizing to vessel lessors, but not applicable to commercial vessels. The final topic is a brief discussion about what a lessor of vessels operating in the international trade should know about piracy.

Vessel Recycling

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