Volume 31 - Number 4 | May 2012
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C&J Vantage Leasing Co. v. Wolfe: One Year Later
By Patrick M. Northen and C. Lawrence Holmes
In March 2011, the Iowa Supreme Court sent ripples of concern, if not terror, throughout the equipment lease finance industry with an unprecedented decision refusing to afford finance lease status to a contract between a finance company and a commercial end user, notwithstanding the fact that the parties had expressly agreed to such treatment in their written documents. Fortunately, while the C&J Vantage opinion may have closed a door for equipment finance companies, it opened a window. The decision’s mischief-making potential is mitigated by another holding in the same opinion.
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Lease Project Possible Stalemate
By Bill Bosco
The latest FASB/IASB Lease Accounting Project meetings on Feb. 28 and 29 had as objectives to change the lessee cost pattern to better reflect the economics (straight-line) and to see if that decision would mean changes to lessor accounting methods that had already been decided.
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In the Marketplace
Highlights of the latest equipment leasing news from around the country.
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