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Movers & Shakers
United Rentals, Inc. of Greenwich, CT, has named Ned Graham to the position of vice president of business development. Graham, a 29-year veteran of the equipment rental industry, will lead the development of strategies and process improvements related to business expansion. Prior to joining United Rentals, Graham most recently served as senior vice president of operations for RSC Equipment Rental, where he directed operations in 30 states, following six years as regional vice president and two years as district manager.
According to multiple reports, including in The Wall Street Journal, Royal Bank of Scotland is working with Goldman Sachs to facilitate a possible sale or to consider other options for RBS Aviation Capital, which is one of the top five commercial airline lessors worldwide by scale and one of the global leaders in aircraft finance. The WSJ estimates the book value of the aviation assets to be approximately $8 billion.
A group of six attorneys has left Troutman Sanders to form a new boutique, Mercer Thompson LLC. The new firm will be based in Atlanta and will provide transactional legal services to companies in the electric power industry. The background of the attorneys forming the new firm includes corporate and capital markets finance, project finance and development, Department of Energy loan guarantees, and M&A. They will also focus on clean technology and renewable energy projects, as well as nuclear energy projects, conventional fossil-fuel projects, and transmission projects. John T.W. Mercer, former head of Troutman's project development and finance group, leads the new firm with Richard E. “Chip” Thompson II. Both had spent their careers at Troutman. Also joining Mercer Thompson as partners are Jason B. Yost and John Lamberski. Tracey H. Thompson and Lori Jones join as of counsel. The Project Development & Finance practice group at Troutman will now be led by Craig M. Kline in New York, Todd R. Coles in Washington, DC, and Brian C. Harms in Atlanta.
According to multiple reports, including in The Wall Street Journal, Royal
A group of six attorneys has left
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.
'Huguenot LLC v. Megalith Capital Group Fund I, L.P.': A Tutorial On Contract Liability for Real Estate Purchasers
In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
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.
CoStar Wins Injunction for Breach-of-Contract Damages In CRE Database Access Lawsuit
Latham & Watkins helped the largest U.S. commercial real estate research company prevail in a breach-of-contract dispute in District of Columbia federal court.