Leading the Law Department: Hire the Best
For the inside counsel revolution to succeed, the General Counsel must follow a basic dictum: Hire the best. The key to the legal function's credibility with the CEO and senior line executives is to seek broad-gauged lawyers who are outstanding technical experts, wise counselors and effective leaders to occupy the top specialists jobs in the company and to be general counsel in the main operating divisions.
A Perfected Lien Is Trumped: Must It Be 'Use It or Lose It'?
As creditors well know, a lien holder must be vigilant in both perfecting and maintaining the perfection and priority of its lien. But even a creditor that properly maintains its lien may find that enforcement of (or more specifically, failing to enforce) that lien can affect priority.
Assignment of Lease
When entering into a lease, one exit strategy contemplated by many a tenant is to assign the lease to a third party prior to the expiration of the term of the lease. This article addresses those issues a tenant should attempt to address in the assignment document in order to limit the tenant's potential liability under the lease.
When a Law Firm Partner Divorces
Going through a divorce can be tumultuous for everyone involved. When one of the parties is a partner in a law firm, those challenges are sometimes elevated for both the partner and the law firm.
Drone Financing Opportunities Emerge As FAA Creates New Drone Regulations
Is financing or leasing drones a flight of fancy or a real business opportunity for lenders and lessors? In this article, we show that, properly structured, opportunities for financing and leasing commercial drones exist today, but will grow rapidly in the foreseeable future for lenders and lessors ("financiers") as the drone industry produces ever more sophisticated equipment and services.
<i>Levandusky</i> After 25 Years
The authors review 13 recent cases, dating from 2011 through 2015, that invoked the business judgment rule. The cases discussed show that the all-important <I>Levandusky</I> ruling is still widely applied to give deference to a broad range of board actions.
ELFA Schedule
The Equipment Leasing and Finance Association has released its 2016 calendar of events.
Marijuana and Bankruptcy? Not Really
Like many others, parties engaged in or deriving income from the legal commercialization of medical marijuana, either directly or through another party are not immune to financial distress, and sometimes, seeking bankruptcy relief may be strategic or necessary. Unfortunately, Marijuana-Related Parties have found elusive the protections and benefits under the Bankruptcy Code.
