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CIT Group Inc. of New York has announced a vendor financing relationship between CIT Vendor Finance, Canada and Metafore, a provider of IT solutions in Canada. Under the terms of the agreement, the two companies established a financing program under the name Metafore Financial Services (Metafore Leasing in British Columbia) to offer Metafore customers operating and capital lease structures. Metafore is a division of Hartco Income Fund and designs, supplies and installs complete IT infrastructure systems and offers ongoing technical support and advanced professional services.
Tygris Commercial Finance Group, Inc. of New York announced its formation and funding with over $1.75 billion in equity commitments ' the largest initial capital raise ever in the U.S. commercial finance sector. The company has assembled a team of commercial finance industry executives, lead by Frederick E. 'Rick' Wolfert, formerly vice chairman of Commercial Finance of the CIT Group and president of Heller Financial Inc., who will serve as the company's CEO. Tygris will initially have offices in Chicago, Stamford, CT and Parsippany, NJ.
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.
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.