All articles by Andy Thompson
Andy Thompson
CHP implements ALFA in SMBC Leasing
CHP Consulting has won a deal to implement its ALFA Systems in SMBC Leasing, part of the Sumitomo Mitsui Banking Corporation. The lessor’s existing portfolio is also to be migrated into the new system.
There is no time like the present
As lessors face growing levels of bad debt, Norton Rose launches a software programme which claims to be able to help them enforce lease contract terms in different legal jurisdictions worldwide.
Lessors to get little from Global EPP
Lessors face almost total losses on their exposures to Global EPP after an auction of the plastics manufacturers assets raised just £1.5 million (1.6 million).
Fresh pickings
Cross-border leasing, insolvencies market consolidation are just some of the areas keeping law firms busy with asset finance work While consolidation among law firms continues apace, several City firms, though remaining major players in the wider financial services sector, are not as active in asset finance as they were in the heyday of taxbased leasing
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FLA signs up credit agency in battle against fraud
The Finance & Leasing Association has selected Dun & Bradstreet as part of a wide-ranging attack on fraud in asset finance.
Pre budget report – more legislation on lease taxation
This particular story started at the time of Chancellor Brown’s first Budget statement in 1997 Rules enacted then, and now consolidated in Sections 222 & 224 Capital Allowances Act 2001 (CAA), restrict the tax benefits of sale and finance leasebacks of relatively long life plant
Tories planning to scrap CAs
The Conservative Party is considering proposals calling for the abolition of capital allowances (CAs) in the United Kingdom.
Vendors and servicing
Leasing is strongly established in the Scandinavian countries and, in some sectors, moving towards service-inclusive deals in conjunction with vendors
Lombard considers appealing 50% VAT recovery ruling
Historically, lessors have been able to recover just 15 percent in HP deals, but Lombard RBS leasing subsidiary has been trying to get this raised to 50 percent.