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In the Marketplace
Hertz Equipment Rental Co. of Park Ridge, NJ, has acquired Arpielle Equipment Co., Inc., a New York based rental company, which is focused on rentals to the construction and industrial markets. The metropolitan NYC equipment rental market exceeds $1.3 billion, and it is anticipated that Arpielle will generate incremental revenues of approximately $25 million in year one. Hertz Equipment Rental Corporation is a wholly owned subsidiary of The Hertz Corporation.
Gibraltar Business Capital LLC of Northbrook, IL, a provider of asset-based loans and factoring solutions for small- and medium-sized businesses, has acquired Greenfield Commercial Credit LLC, a provider of working capital financing solutions and asset-based loans in the Midwest. Gibraltar will now have resources in Chicago, New York, Houston, Los Angeles, Detroit and Atlanta focused on providing asset-based loans and factoring solutions to borrowers seeking financing of $100,000 to $5 million. Greenfield is headquartered in Bloomfield Hills, MI.
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.