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Aviation: Airport Services
We represent airport operators and numerous cities, counties, states, and municipal authorities that own and operate airports. In the United States, we handle regulatory matters for these clients before the Department of Transportation and legislative matters before Congress and local authorities.
Projects include federal funding programs for airport improvements, noise mitigation projects, and essential air service programs. In the United States, we have one of the nation’s premier Public Finance practices and have served as bond counsel on many airport facility revenue bond issues. We represent our airport operator clients on inverse condemnation and noise litigation matters, and on issues concerning tenant default and bankruptcy. Our lawyers have also negotiated domestic gate rights assignments, hangar leases, and acquisitions.
In a landmark ruling with far-reaching consequences for federal agencies and the regulated community, the Supreme Court overturned the 40-year-old Chevron doctrine.
Over the last week, several registered investment advisers have received examination letters, issued from both the Securities and Exchange Commission’s national office in Washington, D.C., and from at least one regional office, related to the shortening of the settlement cycle to T+1. The questions and requests in these letters highlight areas advisers may want to consider with respect to their own implementation.
While most of the attention surrounding the Supreme Court’s (the Court) decision in Loper Bright v. Raimondo (Loper), overturning the longstanding Chevron doctrine, has focused on the increased potential for successful challenges against agency actions, the decision will impact all stages of the public policy lifecycle—legislation, regulation, and only then litigation.
Investment advisers offering funds in more than one country are accustomed to adapting to different regulatory requirements.