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Why Most Private Aircraft Operators Violate the FAA's Operating Rules
Last month, we noted that, according to a recent Equipment Leasing & Finance Foundation study on the business aircraft financing market, a high percentage of business aircraft operators do not comply with key provisions of Parts 91, 119 and 135 of the Federal Aviation Regulations (“FARs”), conducting their flight operations by and through illegal “flight department companies” in violation of these Parts of the FARs. Further, few, if any, of those involved in this situation intend to change their ways during the study period spanning from now through 2016.'
We first explained how operators can cross the line from Part 91 private operations into the forbidden zone of uncertificated Part 135 commercial operations. Building on this legal foundation, we then shared the relevant findings obtained from the 2013 study commissioned by the Equipment Leasing & Finance Foundation. David Mayer, a co-author of this article, wrote the study, titled: “From Recession to Recovery: Aircraft Transactions Build Momentum Despite Industry Challenges.”
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Protecting Innovation in the Cyber World from Patent Trolls
With trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or "patent trolls"), companies that don't make any products but instead seek royalties by asserting their patents against those who do make products.