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IN THE MARKETPLACE
Central Leasing Corporation of Birmingham, AL has named Barry Thomas as credit manager. Formerly vice president and group manager at SouthTrust Bank, Thomas will be responsible for overseeing the credit department for the commercial leasing and finance company. In addition, he will also be responsible for managing day-to-day operations.
Comdisco Holding Company, Inc. of Rosemont, IL has announced that it completed the sale of the stock of its leasing subsidiary in Germany on April 29, 2003 to Munich-based Comprendium Investment (Deutschland) GmbH, which is owned by Comprendium Investment SA, a Swiss corporation. Comprendium Investment SA is controlled by Thomas Flohr, who until January 2001 served as president of Comdisco Europe, a division of Comdisco, Inc. Under the terms of the agreement, Comdisco received approximately EURO285 million (approximately $316 million) at closing. Comdisco will receive four additional payments totaling up to approximately EURO38 million (approximately $42 million) over the next 42 months contingent upon specific portfolio performance criteria.
Equilease Financial Services, Inc. of Norwalk, CT has recently acquired a portfolio of performing loans backed by equipment leases. This portfolio consisted of plant lift trucks, construction and gaming equipment. Equilease is an independent equipment lessor and financial services company. The company's primary business focus is to acquire seasoned equipment lease and equipment loan portfolios that include performing and non-performing paper.
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.
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.
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.
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?