CASE LAW DEVELOPMENTS -
This survey covers a number of cases decided in 2016 involving disputes between parties to equipment financing transactions or with third parties regarding the transactions or the related equipment....more
TRUE LEASE V. DISGUISED SECURITY INTEREST
- The characterization of a transaction as either a true “lease” or a secured transaction is likely to impact the putative lessor’s rights and remedies both with respect to the...more
10/6/2015
/ Banking Sector ,
Commercial Bankruptcy ,
Commercial Leases ,
Creditors ,
Farms ,
Heavy Equipment ,
Lease Termination ,
Leases ,
Lessee ,
Liquidated Damages ,
Livestock Protocol ,
UCC Financing Statements ,
UCC Termination Statement ,
Uniform Commercial Code (UCC) ,
Vicarious Liability
This summer, the equipment finance industry dodged a bullet in an important Minnesota Supreme Court ruling. The Court ruled that a financier of a lease could bring a breach of contract action against an equipment vendor and...more