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CHP Consulting Ltd. of London, a leading provider of enterprise management software and consulting services to the global lease finance industry, has announced that its ALFA lease transaction platform is now available to North American lessors. The software platform features a unique integrated front- and back-office capability, which improves the efficiency of the lease finance process. The company separately announced the North American release of its next-generation, Web-enabled ALFA Fleet Services module.
The CIT Group Inc. of Livingston, NJ, has named Shawn Arnone as senior vice president of sales for Major Vendor Finance. In this newly created position, he will assume responsibility for major vendor program development and identifying portfolio acquisitions. Arnone comes to CIT with 15 years of experience, including 8 years in the equipment finance industry where he was most recently vice president, Global Business Development, for Key Equipment Finance. CIT Major Vendor Finance is a business unit within Specialty Finance offering worldwide vendor financing.
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.
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.
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.
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.
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.