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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.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.