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In the Marketplace
Resource America, Inc. of Philadelphia has announced that its commercial finance subsidiary, LEAF Financial Corporation ('LEAF'), has significantly expanded its third-party lease origination capability and assets under management by entering into a definitive agreement to acquire the Leasing Division of Pacific Capital Bank, N.A. (fdba Santa Barbara Bank & Trust). The total purchase price of approximately $280 million includes a portfolio of small ticket leases to be acquired by LEAF's investment partnerships and by LEAF on behalf of those vehicles. In addition, LEAF will retain the lease origination and management platform as well as Santa Barbara's small ticket leasing teams including senior management, originations, and operations personnel and their relationships with a network of more than 200 third-party originators. After this acquisition, LEAF will manage more than $1 billion of commercial leases and finance assets for its own account, individual, and institutional investors.
Resource America, Inc. of Philadelphia has announced that its commercial finance subsidiary, LEAF Financial Corporation ('LEAF'), has significantly expanded its third-party lease origination capability and assets under management by entering into a definitive agreement to acquire the Leasing Division of Pacific
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.
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.
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.