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Marketplace
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.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
Disconnect Between In-House and Outside Counsel
'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.
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.