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Shari'ah Finance and the Equipment Leasing Industry
Shari'ah or Islamic-compliant financing is gaining a foothold in international finance transactions. As the investment community becomes more global in nature, there is an increased demand for Shari'ah compliant transactions. The equipment finance industry is one of the few sectors in the finance world that could enter this market without having to significantly modify the way it does business or its documentation. The opportunities are twofold: First, they involve providing a financial product to a growing market segment; and, secondly, they involve providing access to capital to fund transactions.
This article provides an overview to equipment finance professionals as to certain opportunities that may exist within this market for both increasing customer base and obtaining sources of capital. This is by no means a definitive or exhaustive work but, at best, an introduction to certain of the basic concepts underlying Shari'ah finance. It will become apparent that while there are some concepts that are clear, there is much debate as to what is and is not allowed. It should also be noted that the author, while being knowledgeable about equipment finance law in North America, is not a Shari'ah scholar but merely has a broad understanding of certain of the basic ideas. As such, nothing in this article should be relied upon without an in-depth review by a Shari'ah scholar.
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.
When Is a Repair Structural or Nonstructural Under a Commercial Lease?
A common question that commercial landlords and tenants face is which of them is responsible for a repair to the subject premises. These disputes often center on whether the repair is "structural" or "nonstructural."