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After six years of outstanding growth in Latin America's equipment leasing and finance industry, the most recent data from the region come as a bit of a surprise. The annual Alta LAR 100 report by The Alta Group Latin American Region reveals a 6% decrease in Latin American leasing portfolios in 2010, as measured in U.S. dollars. The industry was expected to hold its own despite some negative trends affecting leasing, as the overall economy grew an estimated 5% in 2010 and the first half of 2011, according to the International Monetary Fund's World Economic Outlook.
There are several reasons for declining leasing growth. First and foremost, the Latin American leasing industry is maturing. Business models are transitioning from pure finance and credit leases, to a greater focus on operating leases, which affects the way companies allocate capital, go to market, and originate business. Credit policies become more cautious and regulatory risks become a great concern. There is no doubt that the influence of the global regulatory wave is impacting the speed of development of such new growth. This goes hand to hand with the fact that finance leases have become more commoditized and compete with banking products.
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
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.
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The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.