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In The Marketplace
Bank of America of Charlotte, NC has named Doug Bowers to lead its Bank of America Leasing business. He will be responsible for leading the company's leasing businesses worldwide, continuing to build its direct lease originations efforts in middle market, large corporate, vendor, corporate air, municipal, health care and small business. Most recently, Bowers was managing director of the Bank of America Leasing and Capital Group and responsible for the company's wholesale leasing businesses. He will be based in Charlotte.
Bernstein Law Firm of Pittsburgh has announced that Christopher Boback has joined the firm as an associate attorney. He will focus on commercial and retail collection litigation and bankruptcy.
Fairfield Capital Services, LLC (FCS) of New Canaan, CT has been formed by Dana Pasternak, a 30-year veteran of the equipment leasing, commercial finance, and investment banking industries. FCS is a financial services company that will provide financial advisory and capital raising services to middle-market ($50 to $500 million in annual revenues) and highly leveraged companies. The target markets for FCS will consist of:
- Issuers ' companies borrowing on a secured basis and having annual revenues in the range of $50 to $500 million;
- Leasing/Finance Companies ' agreements, or portfolios thereof, and not having the internal resources to do so; and
- Vendors ' manufacturers of capital equipment who require a customer financing source to assist in the growth of their businesses.
Fitch, Inc. of New York has released its first-quarter 2004, Fitch Ratings' U.S. equipment lease asset-backed securities (ABS) delinquency index, which reached another record low, according to the latest edition of “The ABS Equipment Expo.”
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 Stranger to the Deed Rule
In 1987, a unanimous Court of Appeals reaffirmed the vitality of the "stranger to the deed" rule, which holds that if a grantor executes a deed to a grantee purporting to create an easement in a third party, the easement is invalid. Daniello v. Wagner, decided by the Second Department on November 29th, makes it clear that not all grantors (or their lawyers) have received the Court of Appeals' message, suggesting that the rule needs re-examination.