Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
In The Marketplace
De Lage Landen Financial Services of Wayne, PA has announced that Steven R. Riggs has joined the company as vice president and general manager of its Financial Institutions Strategic Business Unit. He will be responsible for overall general management of the Financial Institutions SBU, including operations, originations, marketing and new business development. The business unit is the primary provider of small business leasing services to the U.S. banking industry. Prior to joining De Lage Landen, Riggs served as vice president, national accounts for the express Financial Solutions Division of GE Capital.
El Camino Resources (ECR) of Woodland Hills, CA has announced the completion of its corporate realignment and is rebuilding its leasing business, as well as expanding its high technology services in the United States. Once the largest independent leasing company in the world, ECR was forced to reduce the scope of its business and activities in late 2000. This reduction was imposed by its lead bank, following a roll up of several of ECR's banking relationships into the lead bank and the Federal Reserve tightening during calendar year 2000. El Camino has since successfully settled all of its obligations and has emerged in Mexico and the United States with leasing and technology services business units. In Mexico, the company went through a 12-month period of reduced activity, but is now a leader in independent leasing, having forged relationships with a number of leading banks in Mexico, and negotiated a $20-million line for leasing. In calendar year 2003, the Mexican operation achieved bookings for its own account of more than $20 million in new leased assets. This year, the company has extended its reach with new partnering programs and expects to book in excess of $50 million in new lease receivables.
FirstLease, Inc. of Fort Washington, PA, a subsidiary of Firstrust Bank, has formed First Lehigh Capital, a new division to originate municipal leases. First Lehigh Capital will be staffed by the team of leasing professionals from Lehigh Capital Access. Bob Kalb, former president of Lehigh Capital Access, has brought his entire team with him to FirstLease and will manage the new division.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Anti-Assignment Override Provisions
UCC Sections 9406(d) and 9408(a) are one of the most powerful, yet least understood, sections of the Uniform Commercial Code. On their face, they appear to override anti-assignment provisions in agreements that would limit the grant of a security interest. But do these sections really work?