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In The Marketplace
Hitachi Capital America Corp. of Norwalk, CT has promoted William H. Besgen to president and chief operating officer. He succeeds Yuichiro “Ron” Shimada, formerly president and CEO, who retains the position of CEO. Besgen joined Hitachi in April 1990 as executive vice president and chief operating officer. His career began at Citicorp where he worked for 21 years as a vice president, having a number of senior management responsibilities, primarily in its various equipment finance/leasing businesses. Hitachi Capital America is a subsidiary of Hitachi Capital Corporation of Tokyo and Hitachi's independent U.S. finance company.
CIT Group Inc. of Livingston, NJ has announced that its Board of Directors has elected Jeffrey M. Peek as the company's president and chief executive officer. Peek had previously served as CIT's president and chief operating officer. Albert R. Gamper, Jr., who had served as chief executive officer since 1987, will remain as chairman until his retirement on Dec. 31, 2004. Peek joined CIT and its Board in September 2003, as part of a succession plan aligned with Gamper's desire to transition CIT's leadership and executive responsibilities. Prior to joining CIT, Peek was vice chairman of Credit Suisse First Boston LLC and held a number of executive positions at Merrill Lynch.
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.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
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.
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.
Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.