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Construction: Alert - January 30, 2012

For almost 50 years, lessors have had the ability to limit their liability for liens that arose from improvements to the leasehold made by a lessee. However, in the most recent legislative session, the Florida Legislature enacted revisions to Florida Statute ยง 713.10 that provide a potential pitfall for lessors by inserting a provision that may allow a contractor to lien the lessor's interest even where there is a recorded document advising of the limitation of liens.

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Financial Institutions: Alert - January 31, 2012

The Dodd-Frank Wall Street Reform and Consumer Protection Act impacted many investment advisers who previously were not registered.

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Press Releases

Holland & Knight Assists Ryder System in Restructuring $100 Million in Debt
 
 September 9, 2009
 
Laurie L. Green- Ft Lauderdale

MIAMI – Holland & Knight is pleased to announce that Kara MacCullough and Laurie Green, partners in the firm's Business Law Section, assisted Miami-based transportation and logistics company, Ryder System, in structuring the purchase of $100 million in debt, allowing Ryder to reduce its overall interest expenses.

MacCullough and Green set up a “waterfall” debt tender offer, which established the priority and limits for each series of notes Ryder intended to purchase and how much they needed to spend upfront. Together, they helped Ryder navigate complex securities laws and volatile markets, allowing the company to purchase $100 million dollars worth of notes with various maturing dates and advantageous interest rates.

Both attorneys were named "Dealmakers" by the Daily Business Review for their work on this transaction.

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