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Features
Most people shiver at the first mention of the word 'conversion' during a system implementation. For some organizations, conversion may be the key factor when determining whether to undertake a new system implementation. The dread associated with the term stems from unpredictability and uncertainty in time, cost and data quality. There is no cookie-cutter conversion ' no two conversions are the same, nor should they be handled in the same manner. The conversion effort can be big or small, manual or scripted, stem from a single system or contain legacy data from multiple systems. In any case, there are some key steps that apply to all conversions that should be taken into consideration to execute them successfully.
According to a recent report by the Alta Group Latin American Region ('LAR'), equipment leasing volume in Latin American countries increased by more than 50% on average in 2005. The Alta LAR 100 report, which includes the firm's second annual ranking of the Top 100 leasing companies in Latin America, has expanded with new information revealing the region's fastest-growing businesses, key multinationals, and growth in each country. Rafael Castillo-Triana, principal for The Alta Group LAR, noted that 'Brazil, which has the largest leasing industry in the region, experienced tremendous growth and almost doubled in size.' In addition, 'The report also shows that Argen-tina's leasing industry is recovering from the downturn following the country's economic crisis of 2002.'
Highlights of the latest equipment leasing news from around the country.
As internal control issues continue to emerge for public companies, one of the questions that a leasing or financial services company might likely be asking is what happens if we need to restate our earnings based on a misclassification of our leases as sales-type leases rather than operating leases. What would our exposure be?
Features
A court battle over Congress' attempts to protect children from pornography on the Internet will soon be ripe for trial. After nearly 8 years of litigation challenging the constitutionality of the Child Online Protection Act (COPA) ' including two trips to the U.S. Supreme Court ' the plaintiffs have won a handful of significant rulings on key discovery disputes.
Features
An Electronic Communications Policy (ECP) is an internal publication for employees outlining a firm's Internet, computer and electronic assets guidelines with the objective of minimizing business risks. Along with saving employees time, such publications can improve employee morale, prevent employee-management disagreements and even keep users out of court.
Features
Insurer insolvency has become an increasingly significant concern. Since 1969, more than 400 property and casualty insurers have been placed in liquidation. The past 5 years have seen several larger commercial insurers go into liquidation, among them The Home Insurance Company and Reliance Insurance Company. Indeed, from just 2001 to 2003, Guaranty Associations paid approximately $5 billion in covered claims — more than half the $10 billion they had paid in the previous 31 years from their inception. This article addresses what creditors need to know when dealing with a financially troubled insurer.
Features
Two years ago, the Pentagon was poised to have 100,000 members of the military stationed overseas vote in federal elections over the Internet. The government canceled the plan, however, after it grew concerned it would not be possible to prevent hackers from affecting the results, that it could not examine the privately owned proprietary software that was to be used, and that there would not be a database of those who voted that it could check after the election. Nonetheless, online voting seems to be slowly gaining in popularity.
Given the continued proliferation of law-related Weblogs, including blogs written by law professors and attorneys with expertise in various substantive areas of the law, one frequently finds on the Internet a robust and insightful discussion of cases pending before the courts for resolution. What should judges do if, while visiting the legal blogosphere, they encounter discussions about how pending cases ought to be decided?
There may be gold in them California hills. But there's a price to be paid when panning for it. It has become clear that leasing companies need to exercise particular vigilance when operating in the Golden State.
