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In The Marketplace
Caterpillar Financial Services Corporation of Nashville has announced the retirement of Executive Vice President Jim English, a 16-year Caterpillar veteran. In his capacity as executive vice president, he was the chief architect of CFSC's largest reorganization initiative to date. This effort culminated in the consolidation of U.S. regional offices and various headquarters departments into a centralized Customer Business Center.
In conjunction with English's retirement, the company has made the following appointments:
- Kent Adams will replace English as executive vice president for North American operations with responsibility for Caterpillar Financial Services Limited in Canada, the Customer Business Center, FCC and U.S. regional offices.
- Paulette Jackson has been named executive vice president with responsibility for information technology, human resources and several major projects.
- Ed Scott has been named executive vice president and chief financial officer with responsibility for accounting, business excellence, risk management, marketing and treasury.
- Ed Goodrich will replace Scott as vice president of diversified services with responsibility for global accounts, Latin America and the marine division.
Performance Logistics Group, Inc. of Wayne, MI, and Penske Truck Leasing Co., L.P. of Reading, PA have agreed to the terms of a transaction whereby PLG will acquire 100% of the stock of LAC Holding Corp., the holding company for Penske's interest in the Leaseway Auto Carrier group. As a result of the transaction, Penske will receive a significant minority interest in PLG, the parent of Performance Transportation Services, Inc. who, with its subsidiaries E. and L. Transport Company LLC, Hadley Auto Transport and Transportation Releasing, LLC, operates a nationwide automobile transportation business. E. and L. operates primarily in the north central United States, while Hadley operates primarily in the western United States. LAC provides finished vehicle transportation services for original equipment manufacturers in the United States, Canada and Puerto Rico.
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?