All articles by Brendan Malkin
Brendan Malkin
Dexia Bail and LeasePlan: two lessors battle for deals
Despite being hit by the recession, LeasePlan is far from having a touch of the blues at least judging by its recent round of deal breaking. In recent weeks, while at the time being the subject of a fresh takeover, its Norwegian arm signed an enormous 11.4 million deal with Helseforetakenes Innkjpsservice AS (HINAS), a health care purchasing body equivalent to the UKs NHS PASA.
Lombard, Barclays among lessors duped by on-the-run conman
For months, police forces and lawyers have been investigating the Gwent Finance, Thorneycroft and Global EPP leasing frauds, in which assets were sold in breach of contract and the same pieces of kit financed multiple times by large numbers of leasing companies.
Too little, too late?
In the first of a regular section looking at European Union legislation, LL looks at the supervision of lessors, capital adequacy and heavy trucks According to one EC spokesperson, on 27 June well after closure of LLs print deadline Brussels was due to release a report on supervision of asset finance companies.
Shire Leasing instructs DLA Piper to defend itself
Shire Leasing has instructed one of Britains largest law firms to defend itself against multi party claims being brought by customers at the centre of the services for leases scandal Stewart Plant, a partner at DLA Piper, is leading a team of lawyers now advising Shire, Britains largest leasing brokerage, on allegations being levelled against it by a large number of customers of the collapsed supplier Global Telecoms & Technology The claimants say they are being overcharged on telecoms equipment leases which, it is alleged, they were led to believe by Global include services such as phone line and broadband rentals
Bonuses are not just a thorny
Bonuses are not just a thorny issue for the banks Particularly when such bonuses are seen as part of the cause of the recession and for some of the ridiculous and destructive mergers and acquisitions that, besides helping bring banks to their knees, also lined the pockets of those who dreamed them up in the first place.
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Review of leasing arms after merger of Sun and Oracle
Review of leasing arms after merger of Sun and Oracle Oracles takeover of Sun Microsystems will have a dramatic effect not just on the world of IT manufacturing, but on European financial services, too.
Flurry of deals as economy shows first signs of recovery
Lombard fights off competition to regain lucrative British Gas contract.
International players fill void left by collapsed finance lessors
It is generally accepted that the levelling-off of capital expenditure since the onset of the recession should have led to an upsurge in vendor finance
Pelham Olive appoints dream team
Ever wondered how to turn an asset finance company valued at just £2 into a successful business worth tens of millions?
Future of Angel Trains increasingly uncertain
So where does the future hold for Angel Trains owner Babcock & Brown? Judging by the decision last month to vote against restructuring its New Zealand-listed arm and instead throw it into the arms of an administrator, not much.