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In the Marketplace
Stroock & Stroock & Lavan LLP has announced that Jeffrey W. Meyers has joined the firm as chair and Jon R. Mostel has joined as partner in the Energy and Project Finance Practice Group. Meyers and Mostel were most recently with Dewey & LeBoeuf LLP in New York. Meyers' principal areas of practice include the development and financing of domestic and international energy projects, as well as the acquisition and sale of interests in energy facilities and companies. Mostel's experience encompasses representing a wide range of clients in natural gas and electricity transactional and regulatory matters, including formation, mergers, acquisitions, dispositions, and regulation of energy sector companies; power generation project development; project and transmission line site selection; permitting; and environmental review.
Wells Fargo & Company has named Brent Malcom as executive vice president for its Equipment Finance Division. He will be based in Minneapolis and will lead equipment finance sales, credit, and service team and activities for the bank division of the newly combined Wells Fargo Equipment Finance and the former Wachovia Equipment Finance. Malcom has been with Wells Fargo for 21 years and most recently served as senior vice president and division manager of Wells Fargo Equipment Finance.
In a separate announcement, Wells Fargo Equipment Finance indicated that Chris Hobbs has been named as vice president to provide equipment finance solutions for companies in Raleigh and the eastern portion of North Carolina. Prior to joining Wells Fargo, Hobbs served as vice president and district sales manager for GE Capital, providing financing for equipment loans and lease transactions.
Direct Capital Corporation of Portsmouth, NH, has announced closing a three-year $50 million equipment lease-backed bank facility with the Lender Finance division of Wells Fargo Foothill, part of Wells Fargo & Company. This is the second financing program closed in the past six months by Direct Capital including commercial equipment financing and business loans. These two programs followed an announcement in January of the extension of an existing $100 million facility. Direct Capital was established in 1993 and is an independent leasing and finance company providing specialty finance solutions, including commercial equipment financing, commercial loans, and merchant cash advances.
In a separate announcement,
Direct Capital Corporation of Portsmouth, NH, has announced closing a three-year $50 million equipment lease-backed bank facility with the Lender Finance division of
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?