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In the Marketplace
Debra P. Goldberg has joined the law firm of Cullen and Dykman LLP as a partner in the firm's Banking Practice Group. Practicing from the firm's Garden City and Wall Street locations, she will continue to represent financial institutions, non-bank lenders, and equipment finance and leasing companies with a focus on commercial loans, including ABL loans and syndicated credit facilities, equipment lease financings, and commercial loan and lease portfolio acquisitions and divestitures. Goldberg was formerly Of Counsel at Moritt Hock & Hamroff LLP.
The law firm of Holland & Knight is expanding its transportation finance practice in London with the addition of aviation finance partners William Coleman and Victoria Koob. Also joining the firm are associates Laurence Long, Fabio Miceli and Rachel Thomasen. All previously practiced in the London office of Freshfields Bruckhaus Deringer. The lawyers' practice, which is international in scope, includes experience in the Middle East, advising on various Gulf-based project finance, securitization and offset transactions using both Islamic and conventional financing structures. Holland & Knight opened its London office last May with the addition of the lawyers from Clark Ricketts, a London law firm with a practice devoted to transportation law.
The U.S. Attorney's office for the Eastern District of New York has announced that the president of Choice Office Solutions LLC, Michael Conway, of Verona, NJ, was sentenced to four years in prison. In February 2016, Conway pleaded guilty to wire fraud in connection with a scheme in which he forged numerous lease agreements to defraud an individual investor and De Lage Landen Financial Solutions Partner (DLLFSP) of more than $4.5 million. Conway was also ordered to pay $3,555,493.40 to the individual investor, and $1,203,516 in restitution to DLLFSP.
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?