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In the Marketplace
The Equipment Leasing and Finance Association (“ELFA”) has announced that ELFA President Kenneth E. Bentsen, Jr. is stepping down to take a new position as executive vice president of the Securities Industry and Financial Markets Association (“SIFMA”). Ralph Petta, ELFA Vice President for Research and Industry Services, was named to serve as interim president upon Bentsen's departure. Bentsen has been president of the ELFA since May 2006. Prior to that, he served as a U.S. Congressman from Texas from 1995 to 2003.
Ralph Petta has been with the ELFA since April 1987. His primary responsibility is managing the development of the association's industry information resources and data-collection projects, including the annual Survey of Equipment Finance Activity, Monthly Leasing & Finance Index, and Industry Compensation Survey. In addition, he oversees the development of various benchmarking and market research initiatives and related industry reference publications sponsored by the ELFA. Petta has liaison responsibilities with several ELFA constituent committees, including its Research Committee, Legal Committee, and Equipment Management Committee, as well as the ELFA Business Council Steering Committees. Before joining ELFA, Petta worked for nine years in the office of United States Senator Sam Nunn.
Willis Lease Finance Corporation of Novato, CA, has named Jesse V. Crews chief operating officer. Crews previously spent 26 years with GATX Corporation, where he served as President and CEO of GATX Capital Corporation, a diversified equipment leasing company with approximately $3.5 billion in assets and $5 billion in managed third party assets. Over the past five years, he served as a managing director for Fortress Investment Group, an equity investment firm with approximately $30 billion of funds under management.
The Equipment Leasing and Finance Association (“ELFA”) has announced that ELFA President Kenneth E. Bentsen, Jr. is stepping down to take a new position as executive vice president of the Securities Industry and Financial Markets Association (“SIFMA”). Ralph Petta, ELFA Vice President for Research and Industry Services, was named to serve as interim president upon Bentsen's departure. Bentsen has been president of the ELFA since May 2006. Prior to that, he served as a U.S. Congressman from Texas from 1995 to 2003.
Ralph Petta has been with the ELFA since April 1987. His primary responsibility is managing the development of the association's industry information resources and data-collection projects, including the annual Survey of Equipment Finance Activity, Monthly Leasing & Finance Index, and Industry Compensation Survey. In addition, he oversees the development of various benchmarking and market research initiatives and related industry reference publications sponsored by the ELFA. Petta has liaison responsibilities with several ELFA constituent committees, including its Research Committee, Legal Committee, and Equipment Management Committee, as well as the ELFA Business Council Steering Committees. Before joining ELFA, Petta worked for nine years in the office of United States Senator Sam Nunn.
Willis Lease Finance Corporation of Novato, CA, has named Jesse V. Crews chief operating officer. Crews previously spent 26 years with
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.
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.
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.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Stranger to the Deed Rule
In 1987, a unanimous Court of Appeals reaffirmed the vitality of the "stranger to the deed" rule, which holds that if a grantor executes a deed to a grantee purporting to create an easement in a third party, the easement is invalid. Daniello v. Wagner, decided by the Second Department on November 29th, makes it clear that not all grantors (or their lawyers) have received the Court of Appeals' message, suggesting that the rule needs re-examination.