Wed 06/02/2021 10:58 AM
In a motion
filed today, the Biden administration asked the district court for leave to file a supplemental brief and declaration in opposition to Florida’s request for a preliminary injunction. According to the motion, “cruising is set to resume as planned,” and thus Florida “cannot establish an irreparable injury that would occur in the absence of an injunction." Continue reading for our Americas Core Credit and EMEA Core Credit teams' reporting on Carnival Corp and request a trial for access to the linked documents and reporting on hundreds more stressed, distressed and performing credits.
The motion also argues that the Alaska Tourism Restoration Act, which allows cruises to restart certain cruise ship operations in Alaska and was signed into law on May 24, 2021, ratifies the Conditional Sailing Order. According to the motion, “Congress presumed that the CSO was valid, and expressly incorporated it into the standards applied in ATRA.” Supplemental briefing would also “address the impending resumption of cruising,” according to the motion.
The administration also contends that Florida’s injury is speculative, highlighting that an injunction would “cast considerable doubt on public confidence in the industry, particularly in the State of Florida, which is publicly battling with the industry over its own laws.” In a footnote, the brief notes reported disagreement between Florida and the cruise industry over vaccine passports.
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2021 Reorg Research, Inc. All rights reserved.