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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.
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.
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.
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?