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In the Marketplace
Arctic Cat Inc. of Minneapolis, MN, has entered into an agreement with GE Capital, Commercial Distribution Finance for it to become the exclusive provider of floorplan financing for Arctic Cat's U.S. dealers. The new multi-year financing program will replace Arctic Cat's current financing agreement with Textron Financial Corporation, which had previously announced its intent to exit the dealer floorplan business.
Michael Witt of West Des Moines, IA, has opened a law office focusing exclusively on equipment leasing and finance. Formerly managing counsel at Wells Fargo & Co. and Senior Vice President and General Counsel of Advanta Leasing Corp., Witt is licensed to practice law in Iowa, Pennsylvania and New Jersey and is able to provide document and general counseling services on a nationwide basis. His firm offers a variety of services, including, among others: conducting reviews or litigation audits on existing lease and loan document forms; drafting and updating document forms; negotiating and documenting individual transactions; negotiating and documenting vendor and other third-party programs; law and regulatory compliance audits and counseling; product development risk counseling.
CapitalSource Inc. of Chevy Chase, MD, has announced that Laird Boulden will be joining the company as President of Corporate Asset Finance. He will lead an asset finance group, which will enhance the company's historically strong asset-based lending business by focusing on equipment secured loans. Boulden comes to CapitalSource from Tygris Asset Finance, where he recently served as President. Previously Boulden held senior executive roles at the Citizens Banks/Royal Bank of Scotland and Heller Financial, where he founded/co-founded their respective equipment finance groups. Stephen J. O'Connor and Robert S. Wille will be among the group he is bringing to CapitalSource. Both have worked with Boulden for many years and share his extensive equipment-based lending experience.
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?