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In the Marketplace
Baker, Donelson, Bearman & Caldwell of Memphis, TN and Berkowitz, Lefkovits, Isom & Kushner of Birmingham, AL have announced a merger to form Baker, Donelson, Bearman, Caldwell & Berkowitz. The new firm has 334 attorneys and public policy advisors in nine offices in Memphis, Nashville, Knoxville, Chattanooga and Johnson City, TN; Jackson, MS; Birmingham, AL; Atlanta, and Washington, D.C. as well as a representative office in Beijing, China. The firm has more than 15 practice areas with particular strength and expertise in the areas of healthcare, real estate development, construction, mergers and acquisitions, banking and finance, public policy, equipment leasing, immigration, international trade, labor and employment, intellectual property, e-commerce and technology.
Merrill Lynch Capital Equipment Finance of Chicago has named John Settano as director of syndications. Having served in a number of leadership positions with U.S. Leasing, Settano has accumulated extensive transaction structuring, pricing, documentation, tax-leasing, credit underwriting, and product distribution experience. He will be providing national coverage for Equipment Finance's syndication efforts while based in San Francisco and will also work out of Merrill Lynch Capital's Chicago location. The Equipment Finance Group provides structured financing solutions to public and private corporations within the middle market. The group works directly with end users in a broad cross section of equipment types and industries.
Ruan Leasing of Des Moines, IA has announced that it will eliminate 100 jobs, or less than 3% of its workforce, over the next 3 weeks. The company cited weakness in the truck leasing business, rising insurance rates and a slow national economy. The company noted that value of used trucks has fallen by as much as 50% since truck manufacturers flooded the market with new trucks in the last 3 years and a large portion of a leasing company's business comes from selling used trucks after the lease expires. A Chicago-based consultant, Morris Anderson Ltd., has been hired to restructure the Ruan leasing business and help identify operations that can be closed. Although Ruan Leasing has more than 10,000 trucks under lease, the division has lost money in recent years.
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.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?
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.