Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
In the Marketplace
Huntington Bancshares Inc. of Columbus, OH, has completed its acquisition of Michigan-based Macquarie Equipment Finance, Inc. ( MEF-US ) from its parent company, Sydney, Australia-based Macquarie Group Ltd . The acquisition is expected to be accretive to Huntington's earnings in 2015. Under the terms of the agreement, Huntington acquired approximately $900 million of assets and assumed approximately $630 million of debt, securitizations, and other liabilities.
CBank of Cincinnati, OH, and Commercial Industrial Finance (CI Finance) of St. Louis, MO, have announced a proposed agreement for CBank to acquire CI Finance, an equipment leasing and finance business. The acquisition is scheduled to be completed early this month, pending the bank board of directors' approval. The resulting entity will be a wholly owned subsidiary of CBank and operate as a CBank company. The business will continue to operate with the CI Finance name and the current management team.
CIT Group Inc. has named Eric Miller managing director and group head of CIT Capital Equipment Finance. He will report directly to Burt Feinberg, president and group head of CIT Corporate Finance, Commercial & Industrial. Prior to joining CIT, Miller served as a managing director for GE Capital in'its Corporate Finance division.
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.
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?
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.