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IN THE MARKETPLACE
Allegiant Partners Inc. of San Rafael, CA, has hired Paul Foster as a managing director of its new equipment-financing subsidiary, Allegiant Capital Inc. Foster has more than 30 years of experience in the finance business; the last 12 of which he was arranging structured middle market equipment and other financings. The creation of Allegiant Capital will give managing directors John Steindorf and Paul Foster additional capabilities in structuring, funding and closing larger and more complex equipment financings. Allegiant Capital will focus on premium-rate opportunities in the range of $250,000 to $5,000,000.
GreatAmerica Leasing Corporation of Cedar Rapids, IA, has named Lane Wolbe to head its Automotive Group. He is a veteran of the automotive aftermarket and the founder of WOLCO and Commodore, two well-established names in automotive supply and automotive aftermarket equipment financing. Wolbe brings with him a highly qualified staff, whose members will integrate their sales, credit, documentation, marketing functions and skills with the GreatAmerica Automotive Group.
ICON Capital Corp. of New York has announced that it has reached $1 billion of acquisitions since its current management team acquired the company in August, 1996. While ICON is almost 20 years old, the company shifted its strategy to acquiring larger leases in the secondary market when Beaufort Clarke, Paul Weiss and Tom Martin acquired the company in the 1996 buyout. In the last several months alone, affiliates of ICON have acquired a DC10-30 aircraft on lease to FedEx, three ocean-going car carriers on lease to Wilhelmsen Lines, and in two separate deals a total of three Airbus A340-300 aircraft on lease to Cathay Pacific. The company is an independently owned lessor, which is exclusively engaged in acquiring secondary market leases on behalf of its affiliated programs.
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.
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?