With loan defaults increasing and companies facing a challenging environment in which to maintain cash reserves or obtain financing, and with the attachment of electronic funds transfers under Rule B no longer an option, this complimentary lunch presentation will serve as a useful primer on obtaining security in the United States "the old-fashioned way."
Attendees will receive an overview of the legal requirements and practical aspects of arresting or attaching vessels (or other property) in the United States. This presentation should be of particular use to lenders, vessel suppliers, claims managers, in-house counsel and shipowners/operators.
Michael J. Frevola is one of the partners in Holland & Knight's Maritime Practice Group and is located in the firm's New York office. He has spoken internationally on ship arrests and attachments under U.S. law on many occasions, including acting as the U.S. law speaker at the Lloyd's Maritime Academy Ship Arrest Conference for the last five years.
G. Robert Toney is the chairman of National Liquidators/National Maritime Services, Inc. His companies serve as a "one stop shopping" choice for handling the logistics of ship arrests, including evaluating and processing crew members for repatriation; acting as substitute custodian; managing arrest logistics such as bunkers, hotel services, victualing, passenger and cargo issues; carrying out pre-auction notification, as well as coordinating sales and remarketing efforts.
Holland & Knight will make all reasonable efforts to seek CLE credits for this program. For NY attorneys, this program is appropriate for both newly admitted and experienced attorneys.
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