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In the Marketplace
Winston & Strawn LLP has launched a transportation-structured finance practice. Bill Bowers will serve as chair of this new group, which brings together more than 25 attorneys based in the firm's New York, Chicago, London and Washington, DC, offices. The group will focus on structured finance and securitization financings for the full range of transportation assets, including aircraft, aircraft engines, ships, railroad rolling stock, and containers; as well as the restructuring, transfer, and repackaging of such financings. They represent banks, underwriters, placement agents, issuers, lenders and liquidity providers in such financings, as well as a wide range of asset users ' U.S. and foreign airlines, operating lessors, shipping companies, railroads and trucking companies.
Vedder Price P.C. announced that Raviv Surpin has joined the firm's Los Angeles office as a shareholder on the Global Transportation Finance (GTF) team. Surpin works with operating lessors, borrowers, finance companies, manufacturers and investors in all manner of aircraft finance transactions. He previously served as vice president & corporate counsel at International Lease Finance Corporation/AerCap (ILFC/AerCap).
The Alta Group has announced that Paul W. Frechette will return to the consultancy as director of client relations and consulting. He will work with captive and vendor leasing companies and other finance businesses to build new markets, drive revenue growth and improve market positioning. Prior to his return, Frechette served as a business unit manager with Bank of the West Equipment Finance Division. In his previous work for Alta, he managed the consultancy's captive and vendor finance practice.
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 Anti-Assignment Override Provisions
UCC Sections 9406(d) and 9408(a) are one of the most powerful, yet least understood, sections of the Uniform Commercial Code. On their face, they appear to override anti-assignment provisions in agreements that would limit the grant of a security interest. But do these sections really work?