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In the Marketplace
American International Group, Inc. and an investor group led by Weng Xianding, the chairman of New China Trust Co. Ltd., have entered into an agreement under which AIG will sell up to a 90% stake in International Lease Finance Corporation (“ILFC”), a non-core asset, to the investor group in a transaction that values ILFC at approximately $5.28 billion. The investor group comprised of New China Trust Co. Ltd., China Aviation Industrial Fund and P3 Investments Ltd. has agreed to acquire 80.1% of ILFC for approximately $4.23 billion, with an option to acquire an additional 9.9% stake. AIG will retain at least a 10% ownership stake in ILFC. The transaction is expected to close in the second quarter of 2013. ILFC will retain operational independence and will continue to be headquartered in Los Angeles. ILFC's chief executive officer Henri Courpron and president Frederick S. Cromer will continue to operate and manage the business.
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.
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.