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In the Marketplace
GE of Fairfield, CT has agreed to sell its GE Capital, Transportation Finance business in the U.S. and Canada to BMO Financial Group (BMO). GE Capital, Transportation Finance provides wholesale and commercial end-user financing to OEMs, dealers and end users for heavy and medium duty commercial trucks and trailers. BMO will retain the Transportation Finance management team and employees. This sale is part of an announced strategy by GE to create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets and by focusing on continued investment and growth in its industrial businesses. GE will retain the financing businesses that relate directly to GE's industrial businesses.
The FASB and IASB have announced the availability of new lease capitalization calculators. The two boards have created two new worksheets to calculate the estimated impact of applying the proposed new lease accounting rules for lessees. One is an FASB version and the other is an IASB version. These revised worksheets reflect the FASB's decision to use a two-lease model. The FASB worksheet is available at http://tinyurl.com/nntf4ml and the IASB worksheet is available at http://tinyurl.com/nn3f4x5.
FASB Chair Russell G. Golden has announced the appointments of Paul A. Beswick and Robert B. Malhotra to the FASB's Emerging Issues Task Force (EITF). Beswick is a partner within Ernst & Young LLP's assurance services practice, where he is involved in accounting and regulatory matters, audit quality initiatives, interactions with standard setters, and process improvement initiatives. Prior to joining Ernst & Young LLP, he served as the chief accountant for the SEC. He will serve a five-year, renewable term beginning Nov. 12, 2015, replacing Jackson Day of Ernst & Young LLP. Malhotra is co-partner in charge of KPMG LLP's Practice Advisory & SEC Group in its Department of Professional Practice, which is responsible for providing accounting, financial reporting and SEC practice support. He will serve a five-year, renewable term that began Sept. 17, 2015, replacing Mark Bielstein of KPMG LLP.
Yachts, Jets, Horses & Hooch: Specialized Commercial Leasing Models
Defining commercial real estate asset class is essentially a property explaining how it identifies — not necessarily what its original intention was or what others think it ought to be. This article discusses, from a general issue-spot and contextual analysis perspective, how lawyers ought to think about specialized leasing formats and the regulatory backdrops that may inform what the documentation needs to contain for compliance purposes.
Hyperlinked Documents: The Latest e-Discovery Challenge
As courts and discovery experts debate whether hyperlinked content should be treated the same as traditional attachments, legal practitioners are grappling with the technical and legal complexities of collecting, analyzing and reviewing these documents in real-world cases.
Identifying Your Practice's Differentiator
How to Convey Your Merits In a Way That Earns Trust, Clients and Distinctions Just as no two individuals have the exact same face, no two lawyers practice in their respective fields or serve clients in the exact same way. Think of this as a "Unique Value Proposition." Internal consideration about what you uniquely bring to your clients, colleagues, firm and industry can provide untold benefits for your law practice.
Risks and Ad Fraud Protection In Digital Advertising
The ever-evolving digital marketing landscape, coupled with the industry-wide adoption of programmatic advertising, poses a significant threat to the effectiveness and integrity of digital advertising campaigns. This article explores various risks to digital advertising from pixel stuffing and ad stacking to domain spoofing and bots. It will also explore what should be done to ensure ad fraud protection and improve effectiveness.
Turning Business Development Plans Into Reality
This article offers practical insights and best practices to navigate the path from roadmap to rainmaking, ensuring your business development efforts are not just sporadic bursts of activity, but an integrated part of your daily success.