Rimon Partner Ken Weinberg was named a 2023 recipient of the Edward A. Groobert Award for Legal Excellence from the Equipment Leasing and Finance Association (ELFA) for making significant contributions over a substantial period of time. The Edward A. Groobert Award for Legal Excellence is in recognition of ELFA’s long-time Secretary and General Counsel Edward…

Bedminster, New Jersey – Rimon is pleased to welcome Scott Chait as an Equipment Leasing and Finance Partner in New Jersey. Mr. Chait joins the firm from Sumitomo Mitsui Banking Corporation, where he served as a director and as in house counsel. Mr. Chait has deep experience in the equipment leasing and finance industry, having…

Rimon is proud to announce that 25 of its attorneys have been recognized by Best Lawyers in America. Recognition by Best Lawyers is based on peer review, capturing the opinions of leading lawyers about the professional abilities of their colleagues within the same geographical and legal practice area. The following attorneys have been recognized as…

Birmingham — Opening its 31st office globally, Rimon Law welcomes Financial Services Partner Ken Weinberg and Counsel Jen Howard to its new Birmingham, Alabama office. Mr. Weinberg and Ms. Howard join Rimon from Baker Donelson where Mr. Weinberg held the position of Shareholder and Ms. Howard as Counsel. Mr. Weinberg focuses his practice on the equipment leasing and finance industry,…

No one denies that business is moving at faster speeds than ever before. Even the fax machine has given way to e-mails and turnaround/approval times have been cut in half and then halved again in just the past couple of years. At the same time, competition has heated up and lessors are under increasing pressure…

After all the hard work involved in bringing in business; approving credit; and structuring, negotiating and documenting a transaction; it can be frightening to think of the damage that can be done to a Secured Party’s lien position if the one-page form UCC-1 financing statement is not properly completed. Although it is important to accurately…

As noted in previous editions of Dispatches from the Trenches, guaranties have traditionally been subject to as more judicially-created defenses than any other finance document. Judges have, for example, required lawsuits to be brought against the primary obligor prior to suing the guarantor (the dreaded “guaranty of collection” instead of “guaranty of payment and performance”).…

Prudent lenders active in the financing of motor vehicles understand the intricacies that result from the interplay between the Uniform Commercial Code (the “UCC”) and state Certificate of Title Acts. This edition of Dispatches from the Trenches addresses a few key areas where overlapping provisions can complicate matters. It also provides a couple of notable statutory and case law updates. 1. Proper Method of Perfection—Watch out for Idaho, Illinois,…

Dispatches from the Trenches This edition of Dispatches from the trenches: (a) provides some background information with respect to what the term “Finance Lease” means when used under the Uniform Commercial Code (the “UCC”)– which is a significantly different from how that term is commonly used by some in the leasing industry; and (b) discusses…

The last edition of Dispatches from the Trenches addressed a few areas of boilerplate which are frequently overlooked– namely amendment and waiver, merger and integration and severability provisions. This edition continues that theme by discussing further assurances clauses, notice provisions, counterpart language and miscellaneous interpretive provisions. A. Further assurances A further assurance provision is like…