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The Digital Transformation of Equipment Financing<br><b><i><font="-1">Beyond eLeasing and eSignatures</b></i></font>
The ever-increasing popularity of digital electronic signatures (eSignatures) for entering into equipment leasing and financing transactions without the use of paper documents (eLeasing) is compelling lessors, banks and others competing in the market for equipment financing to re-evaluate and transform the structure of their entire operating platforms. This digital transformation is creating breakthroughs in the way equipment financing companies (whom I'll refer to collectively as “lessors”) interact with their customers, their financing documents, and their data, by means of unified, end-to-end operating platforms, driven by the speed and efficiency of the eSignature process. This article describes how one such digitized global operating platform is changing the way a major captive lessor operates to support the sales of its parent company. It then discusses some of the practical aspects of implementing an eSignature process, which is essential to a fully digitized eLeasing platform.
Project Connect: The Digitized eLeasing Platform
Cisco Systems Capital Corporation (Cisco Capital), the captive equipment financing subsidiary of IT networking giant Cisco System, Inc. (Cisco), is taking the concept of “eLeasing” to the next level, with the expansion of “Project Connect” — its multi-phase, cross-functional initiative, focused on delivering consistent global “end-to-end” (i.e., from sales to end-of-lease) management of its equipment leasing and financing policies, processes and business capabilities.
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.
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?