Vedder Thinking | News Frank Nolan Elected to the Board of Directors of The Maritime Law Association of the United States
The law firm of Vedder Price is pleased to announce that Francis X. Nolan, III, a Shareholder in the firm’s Equipment Finance Group and the leader of its marine finance practice, has been elected to the Board of Directors of The Maritime Law Association of the United States (MLA) for a three-year term. Mr. Nolan will continue to serve as Chair of the Association’s standing Committee on Marine Financing.
The MLA is a professional organization, established in 1899, concerned with improvements and uniformity in maritime law. The MLA’s 3,100 members consist of lawyers involved in maritime matters, judges active in matters involving admiralty issues, admiralty law professors, and non-lawyers who are selected because they hold responsible positions in the maritime field and have rendered distinguished service in the advancement of maritime law or its administration. The MLA is an Affiliated Organization of the American Bar Association.
Mr. Nolan represents international and domestic lenders, borrowers, investors, lessees, lessors, operators and manufacturers principally in the transportation and defense industries. He has extensive experience in the financing of a wide variety of transportation assets and projects, including vessels of every description, drill rigs, locomotives and rolling stock, containers and related equipment. Mr. Nolan has represented clients in financing transactions for vessels under U.S.-flag and numerous foreign-flags, bareboat charter registries and under restricted flags, such as the U.S. Jones Act trades.
Mr. Nolan has published articles here and abroad on a variety of subjects, including equipment leasing, secured transactions, marine finance, chartering, leasing, shipbuilding and the complex legal regimes affecting U.S. and foreign-flag shipping and commerce. He taught admiralty law for a number of years and has lectured frequently in North America, Europe and Latin America on transportation finance and related subjects in programs sponsored by Euromoney Conferences, American Law Institute-American Bar Association (ALI-ABA), The International Bar Association (IBA) and the International Congress of Maritime Arbitrators (ICMA). He is the principal draftsman of a working committee of the MLA which seeks to enhance collateral security positions of lessors in vessel charters used as financing instruments.
Mr. Nolan has been named in New York Super Lawyers and among The Best of the Best USA (maritime finance) for several years running.