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In the Marketplace
ICON Capital Corp. and ICON Securities Corp. of New York have announced the commencement of the offering of ICON Income Fund Ten, LLC, which is expected to raise $150 million of investor equity over the next 12 to 24 months and acquire an estimated $300 million of equipment subject to leases with large, creditworthy companies. Structured as a LLC, ICON Ten is offering $150,000,000 of shares. The minimum investment is $5,000 for individuals and $3,000 for IRAs and other qualified plans. ICON Ten will seek to acquire equipment subject to leases in order to create an asset portfolio that is highly diversified by industry, equipment type, lessee and expiry dates, in order to reduce risk. The equipment commonly acquired by ICON Income Funds includes marine vessel, commercial aircraft, railroad, over-the-road transportation, power plant, store fixture and telecommunications and technological equipment.
Pantheon Capital LLC of Mahwah, NJ has been formed by healthcare leasing veterans Michael J. Crofton, Robert G. Thoma, and George K. Tsahalis. The three principals previously held senior positions at Morcroft Capital Corporation and its successor Fleet Capital Leasing Healthcare Finance. Pantheon Capital will focus on providing middle market leasing and financing to healthcare providers and equipment manufacturers. The company also announced that it has established an initial $10 million warehousing line of credit with Hudson United Bank.
Blackwell Consulting Services of Chicago has announced that it has been joined by Northern Consulting, LLC, a Chicago-based consulting firm specializing in the equipment leasing and finance industries. This move will increase Blackwell's employee base and expand its vertical industry expertise. The addition of the Northern Consulting employees will bring Blackwell's employee count to more than 245 professionals. Steven Byrnes and Cameron Krueger, formerly managing directors of Northern Consulting, will now serve as managing directors of Blackwell's equipment leasing and finance practice. Prior to joining Northern Consulting, Byrnes was the vice president of operations at LINC Capital and Newcourt Financial (now CIT). Krueger was previously a senior vice president at LINC Capital, where he was responsible for managing information systems and portfolio services activities. Blackwell Consulting Services is a full-service consulting firm serving the government, education, insurance, equipment leasing and finance industries.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?