Virgin Islands Lawyer & Attorney : Tom Bolt & Associates Law Firm : St. Thomas, St. John, St. Croix, Water Island, US Virgin Islands

St. Thomas environmental attorney Nycole Thompson of Tom Bolt & Associates, PC and counsel to the Friends of Christmas Cove addressed a jammed Port Authority conference room Tuesday night during a Coastal Zone Management (CZM) Committee public hearing regarding a proposal to moor a floating bar and restaurant known as the Leylon Sneed in Christmas Cove. 

Thompson working with the newly formed citizen's group Friends of Christmas Cove told the CMZ commissioners that grounds for denial of the permit rest in the fact that it hasn't met the application standards for such things as environmental findings and proof that the proposal serves the public good.  "The application submitted to the Commission was woefully insufficient," Nycole Thompson said. "Because there is insufficient information ... this permit should not be granted." 
     

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St. Thomas attorney Tom Bolt, Chairman of the Virgin Islands Uniform Law Commission testified before the 27th Legislature's Committee on Rules and the Judiciary on Wednesday regarding Bill 27-0161, "The Virgin Islands Unclaimed Property Act".  Bolt noted that the legislation which is sponsored by Senator Terrence "Positive" Nelson, Chair of the Committee on Finance is revenue positive.  "The Territory will generate funds from this bill." Bolt noted.

"What is unclaimed property?" Bolt retorically asked the Committee.  "It is bank accounts, insurance proceeds, old traveler's checks, stock holdings, and even the proceeds from winning parimutuel tickets. What unites these different kinds of property is the fact that the person to whom they are owed has never come forward to collect them and cannot be readily found. If the owner does not come forward or is not found, the holder gets to keep the property, and worse, may dissipate the property through service charges and the like." Bolt said

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Attorney Rosh D. Alger, Chair of the Tom Bolt & Associates, PC Corporate and Tax Practice Group recently returned from Pasadena, California where he attended the ALI-ABA Forum on "Representing the Growing Business:  Tax, Corporate, Securities, and Accounting Issues."

In recapping the the three day seminar, Alger noted that during the forum, a panel of seven tax and corporate law specialists voted, under a certain fact pattern for a growing business model, to choose the LLC structure.  When asked why, six out of seven panelists who voted in favor of the LLC said that they appreciate the flexibility of the LLC.

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Two weeks ago, when residents of several East End housing communities got wind of plans to locate a floating restaurant and bar in Christmas Cove, the reaction was, "You've got to be kidding me!" according to Robert Fagenson.
     Since then, Fagenson and dozens of others have not just rallied to protest the plan, but have with the assistance of Tom Bolt & Associates, PC, formed a non-profit organization, commissioned a study by the University of the Virgin Islands (UVI) and are circulating petitions in anticipation of a public hearing on Tuesday.
      The group, known as the Friends of Christmas Cove Inc., formally announced its establishment at a news conference Sunday, March 2nd at Robert's American Grille in Cowpet Bay. Group president Fagenson, and others outlined their objections to the bar and restaurant plan by WT Enterprises LLC and distributed a summary document of the UVI study they commissioned on the Christmas Cove ecosystem. 
    

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