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My New BFF Is a Smart VDR
My Dear SmartRoom, you are my new BFF (best friend forever)! You are a smart, secure VDR (virtual data room) that was first conceived to securely host due diligence documents for an expedited Chapter 11 asset sale of multiple properties with multiple potential bidders. Why do I love thee now, more than ever, my trusted, always there, friend? You are secure, I can reach you whenever and whereever, and your features continue to evolve making you better almost every time I see you. You help me to provide more efficient, valuable service to my clients.
I know I must take care. As files have transitioned from paper to digital over the last decade, companies have had to adapt and find new ways to share those files. Consumer platforms like Google Docs, DropBox, etc. are being used by individuals, companies and their professional advisers for sharing digital files. But that means those files can be shared with others, copied endlessly, and accessed by and from the most unsavory of characters and places. Oh, what a security nightmare! I can hardly believe some get so carried away by the excitement of sharing data that they forget about security. Little do they realize that ease-of-use and security are mutually exclusive in most of those consumer file-sharing platforms. So, while one may be able to share a file with another party quite easily, what that party does with that file thereafter is anyone's guess. How wonderful that you offer the security and reporting capabilities to properly account for a file once it has been shared. I especially love that you can remotely detonate a document! It reminds me of the old mission impossible.
Restructuring Securely
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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?