BROADWAY CAR WASH EQUIPMENT

Legal Aspects of Equipment Leasing in Latin America:A Financial Tool for Business in Latin America

Leasing is the financial tool of the future for Latin America. A study of the causes, the evolution and the dimension of the external debt problem in Latin America lead the author to conclude that the flow of petrodollars in the 1970's to the oil producing countries in South America did not result in a real investment or economic growth.
Growth did not occur because the fragile cash structure that exists in South America can allow for a deviation of cash flow to uses different from those originally intended. This sort of deviation can not occur with leasing because leasing does not provide for delivery of cash but rather of tangible and productive assets, which can not be diverted from their intended purpose.
An overview of the leasing business in Latin America, including a description of its role in modern life, its potential use as a tool to satisfy market demand, and its legal nature and the regulations that govern it are analyzed herein. Equipment leasing has become the dominant and most feasible tool for effectivizing sales of capital goods, equipment, machinery and technological devices to Latin America.

Latimer Hinks Solicitors has helped a leading North East manufacturing firm to purchase its own premises.

Taking ownership of its 20,000 sq ft building in West Auckland will allow Atlas Washroom Systems to make savings of around ?20,000 per year, which management is re-investing into the business.

Nicola Neilson, a partner at Latimer Hinks Solicitors, conducted the legal work on the deal to buy the manufacturing and office facility, which is valued at around ?300,000, for ?180,000, with the client’s lending being supported by HSBC.

Atlas Washroom Systems, which celebrated its 10th anniversary in April, employs 21 people and is a leading manufacturer and installer of shower and toilet cubicles, wall cladding, bench seating, lockers and ducting.

The company has rented the site, on the Aptec Enterprise Park, since it was formed by former workers of a previous business, which relocated to Suffolk in 2001.

Atlas Washroom Systems’ managing director, Gerald Shervington said: "The help we have received from Latimer Hinks and HSBC has been invaluable in securing the purchase of our building. This will allow us to make savings that can be re-invested in the site and equipment to drive the business forward.”

Nicola Neilson said: "Atlas Washroom Systems is a real success story for the North East, having formed because of a desire by the workforce of the site’s previous occupier to stay in the region. The company has now become the North East leader in its field, serving customers all across the UK, and I hope this latest move will help Gerald and his team to bolster that position.”

Peter Harvey, commercial manager of HSBC said: "Gerald first mentioned the idea of buying his premises two years ago, as his lease was coming to an end. Having worked with the firm since it was established, I had no hesitation in giving the plans HSBC’s backing and I am delighted to have been able to help make this deal a reality"

This is an OCR edition without illustrations or index. It may have numerous typos or missing text. However, purchasers can download a free scanned copy of the original rare book from the publisher's website (GeneralBooksClub.com). You can also preview excerpts of the book there. Purchasers are also entitled to a free trial membership in the General Books Club where they can select from more than a million books without charge. Title: Aircraft Equipment Settlement Leases Act of 1993 : Hearing Before the Subcommittee on Economic and Commercial Law of the Committee on the Judiciary, House of Representatives, One Hundred Third Congress, First Session on H.r. 1140 March 10, 1993; Original Published by: Washington : U.S. G.P.O. : For sale by the U.S. G.P.O., Supt. of Docs., Congressional Sales Office in 1993 in 52 pages; Subjects: Airplanes; Leases; Industrial equipment leases; Leases - United States; Industrial equipment leases - United States; Airplanes - United States - Equipment and supplies; Law / General; Business