Law, Regulation, Tax

Revealed: names of leasing companies in farm scam

Thu, Mar, 11 2010

(Free) A Leasing Life investigation has unearthed the identities of the leasing companies that have allegedly been the victim of yet another multiple financing scam to have hit the asset finance industry.

One to Watch: opportunities in AF for Birmingham firm

Mon, Mar, 1 2010

Birmingham-based law firm Blakemores Solicitors is looking to take on more work in the asset finance sector, as rising business insolvency levels have seen more and more lessors turn to legal advice when faced with client failure.

Leasing case against ‘poor payer’Paramount advances law of forfeiture

Mon, Mar, 1 2010

In a recent leading judgment, the issue of whether a lessee under an aircraft operating lease could seek “relief against forfeiture” was considered by the Commercial Court. The case is reported as Celestial Aviation Trading 71 Limited vs Paramount Airways Private Limited [2010] EWHC 185.

Comment: The ever-changing world of leasing scams

Mon, Mar, 1 2010

The Lloyds Banking Group continues to unravel the mess caused by the Elumina Iberica scandal. This involved allegations that lessees, made up of around 60 of the UK’s top golf clubs, were induced into signing-up to leases on false promises of advertising-linked revenue.

What price a good reputation?

Mon, Mar, 1 2010

The Finance & Leasing Association (FLA) has issued additional guidance to its members on relationships with vendors and brokers. It follows revelations published in Leasing Life of thousands of leasing deals that have gone awry after suppliers allegedly duped customers into signing-up to lengthy leasing deals on the basis that they would receive services and benefits free of charge.

Serious crime squad comes to rescue of swindled lessors

Mon, Mar, 1 2010

During Christmas 2006, financial investigators from the UK’s Serious Organised Crime Agency (SOCA) carried out a series of raids across Britain on a number of properties and businesses. SOCA’s mission was to seize large amounts of stolen money which had allegedly been laundered through scores of safety deposit boxes.

French lessors raise serious concerns over latest capital requirement directive

Mon, Mar, 1 2010

Serious concerns have been raised by the French leasing industry over the implementation of the most recent version of the capital requirements directive (CRD) in French law.

Leasing low-carbon energy now feasible, says FLA

Mon, Mar, 1 2010

The UK government’s recent announcement it will pay feed-in tariffs (FITs) to households and small businesses that generate electricity from renewable sources could make a business case for leasing, according to the UK’s Finance and Leasing Association (FLA).

Lessors launch bids to buy General Capital

Thu, Feb, 18 2010

(Free) Leasing companies and finance entrepreneurs have launched bids to buy the remaining portfolios of the two General Capital companies that collapsed into administration earlier this month, Leasing Life has learnt.