Do Four Proposed Franchise Laws in Belgium Make EU-Wide Laws Inevitable?
October 08, 2004
The tide of franchise regulation in Europe continues to flow, as the Belgian parliament is the latest of the EU member state legislatures to consider enacting not one, but four distinct franchise laws. Does this make regulation of franchising on an EU-wide basis inevitable?
In The Marketplace
October 08, 2004
Highlights of the latest equipment leasing news from around the country.
e-Leasing: Building an Effective Process
October 08, 2004
Improved operational efficiencies and the potential for lower-cost market penetration and expansion are just a few of the more common business justifications for adoption of an e-commerce process. These same justifications, as well as others, are sure to resonate with the equipment leasing industry. An initial consideration in adopting any e-commerce process is an analysis of relevant e-signature and e-record laws and the risks inherit in electronic transactions.
Improved Results for Leasing Industry at Midyear
October 08, 2004
In a welcome relief to many in the leasing industry, the results contained in the Equipment Leasing Association's Quarterly Performance Indicators Report (PIR) for the second quarter of 2004 show some very favorable numbers. Specifically, there has been a net gain in two of the most important indicators: Total Net Portfolio and Total New Business. In addition, on time payments are up from a year ago while delinquencies are down. Charge-offs are down while employment in the industry and credit approvals are up when compared with the figures from the second quarter of 2003. This is very good news indeed.
Managing the Risks of Doing Business in Latin America
October 08, 2004
This is the second article of a two-part series about managing the risks of doing business in Latin America. Last month's installment described Latin America as a region blessed with impressive worker productivity and natural resources, but also troubled by pockets of political and economic unrest. The article concluded that Latin America represents a fertile business frontier for equipment leasing and finance companies that are willing to manage risks proactively. It covered potential market entry risks and suggested strategies for reducing exposure. This month's article explores operational and exit-strategy risks to consider before expanding into Latin America. Risks are summarized in the Risk Map for Doing Business in Latin America (Table 1), published last month, which I developed based on experiences in the region. The map is intended as a checklist that outlines typical risks and management strategies. However, as every business is unique, companies should also attempt to identify additional risks and/or their own approaches.
Insurers' Standing in Three Asbestos-Related Bankruptcy Cases
October 08, 2004
Asbestos-related litigation has forced at least 70 companies into bankruptcy, with more than 30 filing since 2000 alone. RAND Institute for Civil Justice, <i>Asbestos Litigation Costs and Compensation: An Interim Report</i> (2002); The Asbestos Alliance, <i>Asbestos by the Numbers</i> (2004). Meanwhile, the outlook remains uncertain for a federal legislative solution. In the bankruptcy courts, companies, insurers, claimants and judges will be forced to grapple with a variety of issues regarding the appropriate use of Section 524(g) of the Bankruptcy Code. Central to these disputes is the extent to which insurers have standing to raise issues regarding the debtors' bankruptcy filings and the provisions of their reorganization plans. In this article, we discuss recent rulings addressing insurers' standing in three asbestos-related bankruptcies: <i>In re Mid-Valley, Inc., In re Congoleum Corporation,</i> and <i>In re Western Asbestos Company.</i>
Reinsurance Arbitration: A Discussion of Neutral Panels and Reasoned Awards
October 08, 2004
Traditionally, arbitration panels in the reinsurance industry have been tripartite panels with each party choosing its own arbitrator and the party-appointed arbitrators choosing a neutral umpire. Courts have recognized that party-appointed arbitrators may be advocates for the appointing party. <i>Sphere Drake Ltd. v. All Am. Life Ins. Co.,</i> 307 F.3d 617, 620 (7th Cir. 2002). ("In the main party appointed arbitrators are supposed to be advocates.") While the industry has become accustomed to the system of advocate arbitrators and there are those who champion this system, there has been a growing consensus that neutral panels may be preferable to advocate arbitrators.
IP News
October 08, 2004
Highlights of the latest intellectual property news and cases from around the country.
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