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In the Marketplace
Huntington Bancshares Inc. of Columbus, OH, has completed its acquisition of Michigan-based Macquarie Equipment Finance, Inc. ( MEF-US ) from its parent company, Sydney, Australia-based Macquarie Group Ltd . The acquisition is expected to be accretive to Huntington's earnings in 2015. Under the terms of the agreement, Huntington acquired approximately $900 million of assets and assumed approximately $630 million of debt, securitizations, and other liabilities.
CBank of Cincinnati, OH, and Commercial Industrial Finance (CI Finance) of St. Louis, MO, have announced a proposed agreement for CBank to acquire CI Finance, an equipment leasing and finance business. The acquisition is scheduled to be completed early this month, pending the bank board of directors' approval. The resulting entity will be a wholly owned subsidiary of CBank and operate as a CBank company. The business will continue to operate with the CI Finance name and the current management team.
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.
When Is a Repair Structural or Nonstructural Under a Commercial Lease?
A common question that commercial landlords and tenants face is which of them is responsible for a repair to the subject premises. These disputes often center on whether the repair is "structural" or "nonstructural."