What effect does the Hague Securities Convention have on perfection by filing?
— Part Four of Four —
The Convention does not affect perfection of a lien by taking physical possession of the securities. However, the Convention may affect perfection of a lien by filing, including the place where the security interest or other lien implementation document must be filed. Under the relevant provision of the UCC (§ 9-305) the jurisdiction of the intermediary, NOT the borrower determines the effect of perfection and the priority of the security interest (a lien). » Read More
Besides being the 100th anniversary of the start of the HMS Titanic’s 1912 sea trials, the USCIS today announced that April 2nd is the first day for the filing of petitions for the 65,000 H-1B visas for fiscal year 2013 (which starts October 1). An additional 20,000 visas are also available for those with master’s degrees from U.S. schools and petitions for these also can be filed on April 2nd. » Read More
New Jersey Division of Taxation has announced a voluntary disclosure initiative for media and media content companies. The initiative, which runs through November 15, 2011, is designed to allow companies that derive revenue from advertising, subscriptions and syndications, and licensing of consumer products to “come into compliance” with the New Jersey Corporation Business Tax.» Read More