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In The Marketplace
Fitch Ratings of New York has named group managing director Gloria Aviotti as the Head of U.S. Structured Finance. She will assume management responsibilities for all U.S.-based structured finance rating groups as well as lead the longer-term initiative of refreshing and improving analytical models across all securitization products.
Econocom USA, Inc. of Memphis, TN has announced that it has agreed to sell its lease portfolio to Meridian Leasing Corporation, a Chicago-based provider of IT asset and financial management solutions. The sale will allow Econocom to focus its resources on its newest offering: a2z, a comprehensive IT infrastructure services solution for small- to-medium businesses. For Meridian, the purchase will expand its presence in the Southeastern market. As part of the agreement, Meridian will assume service of Econocom lease contracts for clients in 48 states.
Willis Lease Finance Corporation of Sausalito, CA has announced that Monica J. Burke will be leaving the company's full-time employment in mid-January and that it has promoted Robert M. Warwick to Chief Financial Officer from Director of Finance. Prior to joining Willis Lease, Warwick served as the Chief Financial Officer for The Bar Association of San Francisco and was the Controller for Catholic Healthcare West, the eighth largest hospital system in the nation. Warwick has more than 28 years of experience in the accounting profession.
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?