Structuring Equipment Financing: Lease Accounting Rules, Bundling Services and Software, UCC and Bankruptcy Treatment
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will examine important new developments in equipment financing, including the implementation of lease accounting standards and bundled lease structures which include service components. The panel will also discuss recent case law regarding "true lease" categorization, damages and other issues, and how tax reform might affect tax treatment of equipment leases.
- Equipment finance: standard lease structures
- Capital leases
- Operating leases
- New lease accounting standard: change in treatment of operating leases
- Tax reform
- Bundled or mixed equipment transactions
- Recent case law
- UCC Emerging Tech Study – issues relevant to equipment finance transactions
The panel will review these and other key issues:
- What is the significance of the new lease accounting standard, and how has it impacted equipment financing?
- How should bundled services and products be reflected in equipment leases?
- What do recent court decisions say about when a lease is deemed a "true lease" as opposed to a lease that creates a security interest? What is its significance in bankruptcy?
- How does tax reform impact equipment financing?
Andy Fishburn, CLFP
Vice President, Federal Government Relations
Equipment Leasing and Finance Association
Mr. Fishburn joined ELFA in September 2012. He directs and operates all aspects of the association’s federal... | Read More
Mr. Fishburn joined ELFA in September 2012. He directs and operates all aspects of the association’s federal relations strategy and the engagement of members in political programs.Close
Edward K. Gross
Mr. Gross has over 25 years of experience representing bank-affiliated and large, independent equipment financing... | Read More
Mr. Gross has over 25 years of experience representing bank-affiliated and large, independent equipment financing companies in all aspects of equipment finance transactions, and handles all types of equipment finance matters and structures. He received the Distinguished Service Award in 2008 and ELFA’s Legal Committee Edward A. Groobert Excellence in Leasing Award in 2011.Close
Dominic A. Liberatore
Deputy General Counsel
De Lage Landen Financial Services
Mr. Liberatore is the Deputy General Counsel for De Lage Landen Financial Services Inc., a global provider of leasing... | Read More
Mr. Liberatore is the Deputy General Counsel for De Lage Landen Financial Services Inc., a global provider of leasing and business finance solutions, including vendor finance. He has been practicing law for over 28 years, focusing in the areas of leasing and asset based lending, and has served in a variety of senior in-house legal positions with DLL, IOS Capital Inc. (the captive finance subsidiary of IKON Office Solutions Inc.), Copelco Financial Services Group Inc. and the FDIC. Mr. Liberatore is the former Chair of the Legal Committee of the Equipment Leasing and Finance Association and is the current Chair of the ABA Business Law Section on UCC/Leasing and a member of the American College of Commercial Finance Lawyers.Close
Drew Nagus, CPA
Baker Newman Noyes
Mr. Nagus specializes in serving mid-size businesses and large corporations in the manufacturing and distribution,... | Read More
Mr. Nagus specializes in serving mid-size businesses and large corporations in the manufacturing and distribution, media and entertainment, technology (including SaaS), healthcare, professional services, defense and government contracting, and biotech and life sciences industries. He has over 18 years of experience in both Public Accounting and industry, including audit and technical accounting experience and as a Revenue Manager for a publicly traded company. His areas of specialization include technical accounting, financial reporting, financial and project management. He is knowledgeable in complex accounting and reporting matters, including lease accounting and revenue recognition for multiple deliverable arrangements, software revenue recognition, as well as the new revenue (ASC 606) and lease (ASC 842) accounting standards.Close