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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.
How Secure Is the AI System Your Law Firm Is Using?
In a profession where confidentiality is paramount, failing to address AI security concerns could have disastrous consequences. It is vital that law firms and those in related industries ask the right questions about AI security to protect their clients and their reputation.
COVID-19 and Lease Negotiations: Early Termination Provisions
During the COVID-19 pandemic, some tenants were able to negotiate termination agreements with their landlords. But even though a landlord may agree to terminate a lease to regain control of a defaulting tenant's space without costly and lengthy litigation, typically a defaulting tenant that otherwise has no contractual right to terminate its lease will be in a much weaker bargaining position with respect to the conditions for termination.
Pleading Importation: ITC Decisions Highlight Need for Adequate Evidentiary Support
The International Trade Commission is empowered to block the importation into the United States of products that infringe U.S. intellectual property rights, In the past, the ITC generally instituted investigations without questioning the importation allegations in the complaint, however in several recent cases, the ITC declined to institute an investigation as to certain proposed respondents due to inadequate pleading of importation.
The Power of Your Inner Circle: Turning Friends and Social Contacts Into Business Allies
Practical strategies to explore doing business with friends and social contacts in a way that respects relationships and maximizes opportunities.
Authentic Communications Today Increase Success for Value-Driven Clients
As the relationship between in-house and outside counsel continues to evolve, lawyers must continue to foster a client-first mindset, offer business-focused solutions, and embrace technology that helps deliver work faster and more efficiently.