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In the Marketplace
TD Bank has named Thomas C. Murray the managing director of TD Equipment Finance in New York. He will be responsible for leading all of TD's equipment financing and capital markets initiatives. Murray has more than 26 years of experience in structure leasing and commercial lending, and previously served as a partner at Fieldstone Partners in New York. He has also held senior-level management positions at CIT and GE Capital.
U.S. Bank Equipment Finance of Portland, OR, has announced Michael Ash as the vice president and manager of syndications for its capital markets group. Ash will manage the syndications activity across all U.S. Bank Equipment Finance business units. He was previously vice president, syndications manager with Wells Fargo Equipment Finance.
SNR Denton announced that Thomas A. Parachini has joined the firm as a partner in its Banking & Finance Department. He will reside in the London office. Parachini joins from the Ford Motor Credit Company LLC's European subsidiary FCE Bank plc, where he was the Managing Attorney for Treasury/Capital Markets and Assistant Company Secretary. At Ford Credit, Parachini was responsible for overseeing all aspects of the company's European treasury funding programs, in particular its extensive securitization programs. He has worked on a wide variety of transactions, with an emphasis on securitization of retail auto loans, retail auto leases, and dealer floor plan finance receivables. Parachini has extensive experience with public offerings, domestic and cross-border offerings, term note and variable funding note offerings, and existing asset and future flow transactions. Prior to Ford Credit, he was a member of the Structured Finance team at Thacher Proffitt & Wood LLP in New York, where he represented issuers and underwriters in residential mortgage-backed securities transactions.
TD Bank has named Thomas C. Murray the managing director of TD Equipment Finance in
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?