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References in periodicals archive ?
Hence an organisation which takes legal possession of artwork under a transaction such as a retention of title arrangement, a PPS lease or a commercial consignment may be regarded as a grantor.
After assessing the PS's claims in bailment, retention of title, unjust enrichment, unlawful conversion of property and the option to exercise maritime liens in other jurisdictions, the court held that the PS had no case that could be defined as an adverse competing claim and that the PS was simply seeking to circumvent the insolvency procedure.
What this means for credit managers is that the Convention does not solve the problem of retention of title to the goods if the buyer does not pay.
The Parliament has also reintroduced the retention of title clause (which had been rejected by the Council).
In a BOT structure, this scenario could be carried further to include complete retention of title to the goods until final payment is received.
Sally Wheeler contributes a chapter on insolvency and retention of title clauses which hardly relates to crime and does not necessarily relate to misconduct.
"We are continuing to work with a number of creditors who have claimed Retention of Title to some of the stock held in the M Steel Cycles shop, and to also deal with asset realisations.
Upon completion, a total cash consideration of EUR 26.5m (USD 29.62m) is payable excluding fees, retention of title and other claims arising consequent upon the bankruptcy process.
The firm regularly advises on creditor bankruptcy petitions, compulsory liquidations and retention of title claims.
"The majority of the stock was either contaminated as a result of the fire, subject to retention of title claims from suppliers or past its used-by date."
One of the key areas clients are asking us to look at in contracts is Retention of Title. This clause allows a company supplying goods the ability to retain the title and ownership of those goods until they are paid for.
One of the standard articles included in the terms of delivery for companies involved in the delivery of products is retention of title, which usually substantiates that legal ownership is transferred to the buyer only when all invoices have been settled.