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In the Marketplace
Thompson Coburn LLP announces that Marjorie Krumholz was appointed partner in charge of the firm's Washington, DC, office. She currently serves as vice-chair of the firm's Transportation practice. Ms. Krumholz's practice focuses on maritime and equipment finance, including leveraged leases and Title XI and Ex-Im Bank projects. She replaces David Straus, who held the position for the past eight years as the firm grew its presence in DC to nearly 30 attorneys.
CIT Group Inc. of New York has announced the establishment of a business referral relationship with Tokyo Leasing Co., Ltd,. a financial services company in Japan. Through this relationship CIT Vendor Finance is able to offer financing to its global vendor partners' customers in Japan as Tokyo Leasing will become CIT's preferred funding partner. In addition, the customer can access CIT and Tokyo Leasing for global vendor financing and structuring capabilities as they look to grow sales in Asia and around the world. Tokyo Leasing specializes in the leasing and installment sale of office and information equipment, industrial machine tools, medical technology as well as aircraft and vehicles.
In a separate announcement, CIT Group also announced a vendor financing agreement with Lennox Industries Inc., a subsidiary of Lennox International Inc. Under the terms of the agreement, CIT Vendor Finance will provide financing to commercial customers of Lennox's North American commercial contractors to upgrade their existing Heating Ventilation and Air Conditioning (HVAC) systems to Lennox's models.
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.
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?
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.