Transportation Finance
Our transportation finance lawyers help satisfy the capital needs for the transportation industry globally, focusing on finance and leasing transactions for the aviation, maritime, and rail sectors.
We work closely with our counterparts in our cross-disciplinary aviation and maritime industry practice groups, and also partner with lawyers in other finance-related practices such as corporate, acquisition and asset-based finance, project finance, restructuring and insolvency, and securitization.
As part of a fully integrated network of law offices and law partners, we draw regularly upon the comprehensive resources of the firm to address the full scope of related regulatory, legal, and other issues that arise in complex multi-jurisdiction finance, leasing, and restructuring transactions for the aviation, maritime, and rail sectors.
On 23 April 2024, the US Department of Labor announced a Final Rule raising the minimum salary and annual compensation thresholds to qualify for the executive, administrative, or professional exemptions from overtime under the Fair Labor Standards Act.
On 30 January 2024, the US Citizenship and Immigration Services (USCIS) published a final rule (Final Rule) increasing the premium processing fee from US$2,500 to US$2,805, increasing filing fees for I-129 and I-140 employment-based petitions, and imposing a new Asylum Program Fee for each Form I-129 and I-140 filed by employers.
Many investment advisers and other financial institutions rely on the Department of Labor’s QPAM Exemption when providing services to, and transacting with, employer-sponsored retirement plans, individual retirement accounts, and certain commingled investment vehicles that have retirement investors.
On 22 December 2020, the U.S. Securities and Exchange Commission (SEC) adopted amendments (the final rule) to Rule 206(4)-1 under the Investment Advisers Act of 1940 (the Advisers Act) to modernize the regulation of investment adviser advertising and solicitation practices.