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Practice Area
Corporate Finance and Capital Markets
Derick W. Betts, Jr. is a member of Seward & Kissel's Corporate Finance Group. Mr. Betts has practiced law since 1970. He joined Seward & Kissel as counsel in 1999 and became a partner in 2001.
Mr. Betts specializes in international corporate law, limited liability company, tax and ship finance matters principally related to mergers and acquisitions, capital markets and joint venture shipping transactions. He has particular expertise in taxation of the shipping industry, specifically the U.S. taxation of foreign shipping and joint venture shipping transactions.
Mr. Betts is the author of several articles including "U.S. Tax Filing Obligations: The Real Thing or a Paper Tiger?" (Bimco Review 1995); "U.S. Taxation of Foreign Shipping Companies: Overlooked Pitfalls" (Bimco Review 1993), and co-author of "Riding the Waves of U.S. Tax" (International Financial Law Review 1987), "The Section 883 Proposed Regulations: The Ship Is Almost In Port" (Tax Management International Journal 2000), and "The Shipping Provisions of the American Jobs Creation Act of 2004" (Benedict's Maritime Bulletin 2006). In addition, he has spoken on U.S. shipping tax-related issues at seminars sponsored by the Greek Shipping Cooperation Committee (London), the International Ship Registry Review, the Connecticut Maritime Association, the World Trade Institute of Shipping, BIMCO, the International Tax Planning Association, the Association of the Bar of the City of New York (Admiralty Committee) and Marine Money.
Mr. Betts received an A.B. from Princeton University in 1965, and his J.D. from Cornell University in 1969. He received a L.L.M. (Tax) from New York University in 1973 and served as Attorney Advisor to the Hon. William Quealy of the United States Tax Court from 1973 - 1975. He is a member of the American Bar Association and the Maritime Law Association. He also serves on the Board of Directors of the Hellenic-American Chamber of Commerce of New York City.
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