Railcar leasing activity in Canada and throughout North America is expected to continue to increase in 2013. This is a result of several factors, including the aging and gradual failure of current fleets of railcars and the desire to implement newer technology.
Cassels, Brock & Blackwell LLP have provided an overview of the process for registering security interests over railcars in Canada. While similar to the process for registering railcar security interests with the Surface Transportation Board in theUnited States, this article also outlines several considerations to be mindful of when registering security interests over railcars in Canada.
For more go to the Cassels, Brock & Blackwell e-LERT.