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Does Insurance Policy Cover Media Office COVID-19 Closure?
According to news reports, and judging from the plethora of lawsuits filed seeking insurance coverage for lost income incurred as a result of the COVID-19 pandemic, insurance companies are for the most part denying claims for business interruption losses.
The type of insurance claim at issue may make a difference. Is the insured claiming lost income due to suspension of operations resulting from damage to the insured's property? Is the insured claiming that the suspension of operations was caused by the order of a civil authority restricting access to the insured's property as a result of the pandemic? Was the insured's business impacted by the shutdown of a supplier's facility due to property damage or an order of civil authority? Or was the insured forced to cancel an event due to the pandemic?
But the central issue in dispute in the vast majority of these cases is whether or not an insured can demonstrate that the business interruption loss resulted from physical loss or damage to the insured's property. One of the first courts to weigh in on the issue — in the context of a media company's request for a preliminary injunction — recently sided with the insurer. Social Life Magazine (SLM) v. Sentinel Insurance Co. Ltd., 20 Civ. 3311 (S.D.N.Y. 2020).
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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?