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In the Marketplace
The RVI Group of Stamford, CT, has appointed Sharon N. McKenna Vice President, Aircraft Risk and Asset Management. She will be responsible for all underwriting of commercial and general aviation transactions, performing risk analysis, preparing appraisals and conducting surveillance of RVI's aircraft portfolio. In addition, McKenna will support the production of new business and the development of new products.
In a separate announcement by RVI, John F. Napierkowski has joined the company in the newly created position of Vice President, Commercial Equipment Underwriting. Napierkowski will be working alongside Sharon McKenna and will be responsible for generating and overseeing the analysis of all commercial equipment transaction underwriting excluding aircraft, performing risk analyses based on industry, asset and market research, conducting surveillance of RVI's commercial equipment portfolio, and supporting production of new products and business.
Huntington Bancshares Inc. of Columbus, OH, has signed a definitive agreement to purchase Bloomfield Hills, MI-based Macquarie Equipment Finance, Inc. Under the terms of the agreement, Huntington will acquire approximately $900 million of assets and assume approximately $630 million of debt, securitizations, and other liabilities.
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?