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It is standard operating procedure in the equipment leasing industry for lessors and similarly situated creditors to take all steps necessary and appropriate to perfect their security interests in the assets so leased or financed. This is a common-sense approach, whereby lessors and creditors avail themselves of all possible avenues to protect their collateral. The lessor reaps the benefit of the direct action that it takes in its own best interest.
Normally, when a lessor fails to take such steps, it must suffer the consequences of its own inattention. This might include, among other things, falling to a secondary position behind subsequent secured parties or losing priority status altogether and being reduced to the humble status of a general unsecured creditor. Loss of such status normally means loss of a first and irrefutable claim to seize the equipment. Fittingly, the lessor pays the price for its own missteps.
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.
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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.
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Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
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.