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In the Marketplace
Sills Cummis & Gross announced that Michael A. Leichtling joined the Corporate Practice of the firm's New York office. A member of this newsletter's Board of Editors, Leichtling devotes a substantial part of his law practice to counseling lessors, banks, funds, investors and other funding sources in connection with secured financing, asset based lending, equipment leasing and renewable energy finance matters. Leichtling was formerly a partner at Troutman Sanders in New York.
Marlin Business Services Corp. of Mount Laurel, NJ, has named Louis E. Maslowe as senior vice president and chief credit officer.
The American Bankruptcy Institute (ABI) reported that the total number of commercial bankruptcy filings during calendar year 2016 were 37,771, representing a 26% increase from the 29,920 filings for 2015, according to data provided by Epiq Systems, Inc. There were 5,438 commercial Chapter 11s filings during calendar year 2016, a 2% increase over the 5,313 commercial Chapter 11s filed the previous year.
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 Stranger to the Deed Rule
In 1987, a unanimous Court of Appeals reaffirmed the vitality of the "stranger to the deed" rule, which holds that if a grantor executes a deed to a grantee purporting to create an easement in a third party, the easement is invalid. Daniello v. Wagner, decided by the Second Department on November 29th, makes it clear that not all grantors (or their lawyers) have received the Court of Appeals' message, suggesting that the rule needs re-examination.