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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.
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.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
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.
Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.