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In the Marketplace
Barbara Goodstein of Mayer Brown LLP in New York has been named the 2015 Recipient of the Edward A. Groobert Award for Legal Excellence by The Equipment Leasing and Finance Association (ELFA). Goodstein has been an active member of the ELFA for over a decade and is currently a member of ELFA's Legal Committee Subcommittee on Air, Rail and Marine. She served as a member of the association's Legal Committee from 2002 to 2004 and as a member of the ELFA Board of Directors from 2004 to 2007. She is also a member of this newsletter's Board of Editors.
Santander Bank, N.A. of Boston announced that Vincent Belcastro has been appointed group head of equipment finance. He will be responsible for growing the team and business focused on financing activities for equipment lending, leasing, and structured finance on a national scale. Belcastro formerly held management positions at CIT Group Inc., Citibank, Republic National Bank and Bankers Trust ( Deutsche Bank ).
First American Equipment Finance of Fairport, NY, has promoted Alan Sikora to Chief Executive Officer. He succeeds company founder Bill Verhelle, who is stepping down as CEO. This planned transition comes on the three-year anniversary of City National Bank's acquisition of First American. Verhelle will remain as a consultant to the company. Sikora previously served as president of First American.
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.