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In the Marketplace
CIT Group, Inc. of New York has named Nelson J. Chai as the company's president. He previously served as executive vice president, chief administrative officer and head of strategy. In his new role, Chai will maintain his current responsibilities while also assuming oversight of CIT's Corporate Finance and Vendor Finance operating segments. He will continue to oversee CIT's global infrastructure and operating architecture, including its technology platforms. He will also continue to lead the company's strategic planning and business development, as well as oversee the insurance and corporate services functions. Chai will continue to report directly to chairman and chief executive officer John A. Thain.
GE Capital has acquired the UK accounts receivable financing subsidiary of Eurofactor S.A. (part of Credit Agricole Leasing and Factoring) for an undisclosed amount. The acquisition will build GE Capital's UK commercial and corporate lending business, and the company's strategic focus on providing financial solutions to the UK's SME community. Credit Agricole Commercial Finance UK, formerly known as Eurofactor (UK) Limited, is a provider of accounts receivable finance in the UK and provided approximately '3 billion of finance to UK companies in volume terms in 2010.
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.
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.
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.
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.