A choice of law clause in a commercial contract chosen by the parties is generally enforced. In Nedlloyd Lines B.V. v. Superior Court,1 the California Supreme Court concluded that choice of law provisions in a parties contract were enforceable. This... read more
MONITOR: Last year, many businesses chose to defer equipment acquisitions due to the uncertainty that characterized the year. How did this affect your vendor business in 2016? BERG: We definitely saw deferment of equipment acquisitions in the U.S., with new... read more
On January 1, 2020 all aircraft, including business jets, that operate in U.S. airspace will need to have a certified ADS-B out system. Why should you care? As Alexander Craig of AvRisk explains, retrofitting aircraft will cost somewhere from $5,000 to $1 million, which could in turn affect values for leasing and financing.
As you may know, we are inching ever closer to the new credit loss accounting rules, which will adjust how banks reserve for losses on loan and debt securities.