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In The Marketplace
Key Equipment Finance of Superior, CO has announced the appointment of Kevin Freidheim as vice president and director of the company's construction and industrial segment. He will be responsible for overseeing Key Equipment Finance's lease programs for construction and industrial equipment dealers and manufacturers. Key Equipment Finance recently acquired American Express Business Finance, the equipment leasing unit of American Express' small business division.
Sovereign Bank of Wyomissing, PA has announced that Peter A. Ferrara, Sr., managing director of the Commercial Equipment and Vehicle Financing Division, will relinquish his day-to-day responsibilities as head of the division. He will remain with the bank as an executive vice president, focusing on assisting the bank in developing new products and services for business owners. Peter LaMariana, senior market manager for the Commercial Equipment and Vehicle Financing Division, will be responsible for managing the group's day-to-day activities. The division will become a part of Sovereign's Equipment Leasing group under the management of J. Christopher Swanton, managing director.
Resource America Inc. of Philadelphia has announced that its wholly owned leasing subsidiary LEAF Financial Corporation has expanded its lease origination capability and assets under management with the business acquisition of Allco Leasing and Financial Services of Lake Oswego, OR. The acquisition includes a portfolio of leases with a value of $27 million. In addition LEAF will be gaining experienced leasing personnel in a strategic West Coast location. After this acquisition, LEAF will manage approximately $250 million of leases for its own account, for institutions and for third-party investors. The acquisition was facilitated by the investment banking services of Diversity Capital, LLC, and bridge financing was provided by the Philadelphia office of National City Bank. Allco Leasing and Financial Services is a commercial equipment finance company established in 1977 that specializes in small to mid-ticket equipment leasing and originates funds, services, and acquires leases primarily in the western United States. In its nearly 30 years of operations, it has originated more than $300 million in equipment leases.
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.
The Anti-Assignment Override Provisions
UCC Sections 9406(d) and 9408(a) are one of the most powerful, yet least understood, sections of the Uniform Commercial Code. On their face, they appear to override anti-assignment provisions in agreements that would limit the grant of a security interest. But do these sections really work?