What Type of Insurance Do You Need for Your Small Business?

When starting your own business, insurance is an important consideration.   Protecting your business investment with insurance minimizes the risks that can arise from unforeseen events, liabilities, and losses.  Finding the right insurance for your business can be a difficult task.  There are many variables that decide the right insurance for a small business.  These include the business structure, business activities, location, whether or not you hire employees—just to name a few.

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Avoiding Foreclosure: First Talk to Your Lender

Money troubles can be embarrassing.  Some people take it as a sign of weakness, and many people don't like to admit that they need help.  This is the main reason that people avoid contacting their mortgage lenders when they have cash flow problems that affect their ability to remain current on their mortgage payments.  This reasoning, however, can have devastating legal consequences.  As counterintuitive as it may sound, the onset of a financial hardship is precisely the time that you need to reach out and talk to your lender.

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Staying Discovery Pending a Dispositive Motion to Dismiss

Although discovery is part and parcel of litigation, it is universally regarded as expensive and burdensome, and (sometimes) ripe for sharp practices.  One area where the legitimate fact-finding purpose of discovery runs up against the hardship of discovery is where a court orders discovery to proceed while a motion to dismiss that would, if granted, resolve the matter, remains pending.

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Getting to the Court On Time!

The statute of limitations is the deadline for filing a lawsuit. Federal law or the laws of a state or territory establish the amount of time an individual has to commence their lawsuit by filing their complaint.  If a party fails to file within the timeframe, in all but the rarest of instances, they will be barred from moving forward with their case, and it will be dismissed.

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Confrontation Clause Bars Surrogate Testimony

Attorney Nycole A. Thompson with BoltNagi PC appealed her client’s conviction for aiding and abetting the unauthorized possession of a firearm. Thompson argued that the trial court’s admission, over her objections, of a certificate of non-existence of record (“CNR”) stating that her client did not have a gun license in District of St. Croix violated her client’s Sixth Amendment right to confront the witnesses against him because the person who prepared the certificate did not testify at trial and her client did not have the previous opportunity to cross-examine the person who prepared the exhibit.

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"Brave New Lawyerless World"

Lawyer deregulation appears to be the current zeitgeist in the legal reform movement. Great Britain is experimenting with lawyer deregulation, which would make some basic legal services available at supermarkets. The Brookings Institution--somewhat surprisingly, to me--recently published a study recommending the deregulation of the legal industry in the United States as well. (Hat tip Futurelawyer.)

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St. John Grand Bay Investor Seeks Damages in Florida Court

A Florida circuit court judge has ruled that attorney and real estate investor, David S. Band, will stand trial a second time to decide if damages are owed to a fellow investor in the St. John Grande Bay condominium complex. Judge Charles E. Roberts' order means that Band -- who was exonerated in early May of defrauding investors in the soured Grande Bay deal -- will face another jury as early as the end of the year. If that jury decides that Band does owe investor Harold Libby money, the award could top $1 million.

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I, For One, Welcome Our New Google Overlords.

It appears that Google is bringing its fearsome powers of information organization to the legal world:

Traditional lawyers may not like it, but venture capitalists are pouring money into one of the last industries to resist commoditization on the Web. Google Ventures today announced it is part of a group that infused $18.5 million into Rocket Lawyer, which bills itself as the “fastest growing online legal service.”

. . . . Rocket Lawyer provides online legal forms, from wills to Delaware certificates of incorporation, that non-lawyers can fill out and store and share on the Web. For $19.95 a month, consumers can also have their documents reviewed by a real lawyer and even get legal advice at no additional cost.
 

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"'Fair Market Value' of No Value When It Comes To Foreclosure Deficiency Judgments"

The St. Croix Division of the District Court of the Virgin Islands recently clarified whether a foreclosed property's fair market value (as opposed to the price that is brings at a foreclosure sale) can serve as the basis from which a deficiency judgment is calculated. This is an important question, as it addresses an apparent conflict between the local judgment statutes and the American Law Institute's Third Restatement of Property on Mortgages, which has the force of law in the Virgin Islands. Most important, it emphasizes that, under current law, foreclosed defendants cannot invoke the fair market value of their property to avoid or lessen their post-judgment obligations.

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Virgin Islands Aggravated Assault Statute Unconstitutional? Or Just Inadequately Defended

A recent opinion by the Appellate Division of the District Court of the Virgin Islands addresses the constitutionality of the Virgin Islands aggravated assault statute. But far from wading into a scrum of technical constitutional analysis, the Appellate Court takes the Virgin Islands government to task for failing to muster any evidence on the statute's behalf.

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Don't Mess With Texas (Judges)

In the life of every litigator, there are days where your pleadings go unchallenged, your motions are granted with the compliments of the court on your fiercely cogent reasoning, and opposing counsel meekly avert their eyes when you enter the room.

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Borrower Wins Skirmish, But May Lose the Foreclosure War

 

Recent news out of New Jersey announces that the state's appellate court overturned a lower court's entry of a foreclosure judgment in favor of Deutsche Bank. Apparently, Deustche Bank attempted to foreclose on a borrower without being able to prove that it had possession of the original promissory note at the time that it brought its foreclosure action. As a result of the bank's oversight, the appellate court ruled that the bank will have to restart the entire foreclosure process from scratch:

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Third Circuit Sides with Students Right to Online Speech

The Third Circuit Court of Appeals this past week became the highest court in the nation to draw a clear line establishing what school districts are legally permitted to do to control student expression on the Internet.  The Court with jurisdiction over the U.S. Virgin Islands sided with public school students stating that they cannot be punished for off-campus speech that fails to cause a substantial disruption to in-school activities,.

In the majority opinions for Layshcock v. Hermitage School District and J.S. v. Blue Mountain School District — two simultaneous opinions filed by the entire Third Circuit in Pennsylvania — the judges held that administrators are limited in their ability to restrict student speech that occurs outside of school.

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Pusser's VI Rum Wins Trademark Battle on "Painkiller"

Many tourists and local Virgin Islanders have enjoyed a Painkiller cocktail over the years, particulary visitors to the Soggy Dollar Bar on Jost Van Dyke, where the tropical concoction is made with the U.S. Virgin Islands' Cruzan Rum.   

A New York Bar known as the Painkiller, thought to capitalize on the popularity of the drink when it opened on the Lower East Side of Manhattan over a year ago. But the bar's legal reign as Painkiller has come to a painful end. Due to a federal law suit brought by Pusser's Rum Ltd., the bar will now have to go under the moniker PKNY.

Pusser's has also demanded that Painkiller turn over its website address and stop selling the rum cocktail know as Painkiller (which, according to Pusser's, has to be made with their rum).
 

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Judge Kicks Out GERS Suit Against JPMorgan Chase

A federal judge has dismissed the majority of the Virgin Islands Government Employees Retirement System's (GERS) class-action complaint alleging J.P. Morgan and three related entities violated federal securities laws by making misleading statements in securities-offering documents concerning the quality of underlying mortgages.

Judge John G. Koeltl of the U.S. District Court for the Southern District of New York said GERS lacked standing to sue with respect to most of the securities because they had not bought them.

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The End of Three-Days' Grace?

One of the least-appreciated characteristics of legal work is that it is constantly changing. The rock-solid precedent that forms the foundation of an attorney's finest argument can melt into air with the stroke of an appellate court's pen. Less dramatically, courts constantly refine their precedent by issuing new opinions that take a new look at well-settled issues. And sometimes, the law simply outgrows the judicial box in which it is placed.

 

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April 2011 BoltNagi PC Newsletter: Lisa Michelle Komives Profile

LISA MICHELLE KÖMIVES
Litigation Associate

Lisa is part of our litigation department and has been with the firm-and back on island-for just over a year. She returned to St. Thomas from Miami where she attended the University of Miami School of Law, graduating with honors.  While she was in law school, Lisa was on the Dean's List, a law review editor, and a member of the Moot Court Board.   After four and half years of practicing in Miami, Lisa decided to return to St. Thomas, where she grew up, to be closer to her parents.

After Lisa graduated from law school, she began practicing law in Miami with a boutique litigation firm handling cases in both state and federal court which primarily involved employment discrimination, insurance coverage, misuse of intellectual property, premises liability and breach of commercial contracts and leases.  Lisa then moved to a large national firm and continued to work on insurance coverage and breach of contract cases, including class actions, and also began to handle some real property and securities litigation.

 

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Lisa Michelle Komives Notable Cases

Lisa is part of our litigation department and has been with the firm—and back on island—for just over a year. She returned to St. Thomas from Miami where she attended the University of Miami School of Law, graduating with honors. While she was in law school, Lisa was on the Dean’s List, a law review editor, and a member of the Moot Court Board. After four and half years of practicing in Miami, Lisa decided to return to St. Thomas, where she grew up, to be closer to her parents.
After Lisa graduated from law school, she began practicing law in Miami with a boutique litigation firm handling cases in both state and federal court which primarily involved employment discrimination, insurance coverage, misuse of intellectual property, premises liability and breach of commercial contracts and leases. Lisa then moved to a large national firm and continued to work on insurance coverage and breach of contract cases, including class actions, and also began to handle some real property and securities litigation.
 

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Eviction: A Peaceful Alternative to Self-Help

Forcible Entry and Detainer (“FED”) actions are governed by title 28, sections 751 through 794 of the Virgin Islands Code. Virgin Islands Port Authority v. Joseph, 2008 WL 2329281 (V.I.,2008). These sections provide for summary adjudication of a limited class of simple eviction proceedings. As described by the Third Circuit Court of Appeals in C.M.L., Inc. v. Dunagan:
The Virgin Islands Code provides an action for forcible entry and detainer as a peaceful alternative to the often violent consequences of property owners exercising their right of self-help. Suarez v. Christian, 19 V.I. 1586 (D.V.I.1981). In exchange for revoking their right of repossession by force, the statute provides a simple summary proceeding, with time requirements substantially shorter than those provided in ordinary civil actions and with the issues sharply restricted. In such a summary proceeding, a property owner under certain specified circumstances, can quickly receive a judicial declaration of his right of occupancy and an order directing the marshal to remove the defendant and restore possession to the property owner. Where a tenant is retaining possession by force, relief is available in a summary FED proceeding only if there “is an undisputed oral or written lease agreement, and rent is due and owing thereon; or [t]here is an undisputed oral or written lease which has expired.” Conversely, “a FED cause of action will not lie where [t]itle to the premises is in question; or [w]here there is proved to the Court to exist a bona fide question of the existence of a lease at law or in equity, which has not yet expired.” Inter Car Corp. v. Discount Car Rental, 21 V.I. 157, 159 (Terr.Ct.1984).

Id. (citing, C.M.L., Inc. v. Dunagan, 904 F.2d 189, 190-91 (3d Cir.1990)) (paragraph indention omitted).
 

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Does Redacting Public Documents Make Sense?

The Local Rules of Civil Procedure for the District Court of the Virgin Islands require that litigants exclude or redact "personal data identifiers from all documents filed with the Court, including exhibits[.]" LRCi 5.4(l)(1). The list of personal data identifiers to be redacted includes "financial account numbers." LRCi 5.4(l)(1)(D). The Rule is silent on whether redaction is necessary for information that has already been made public.

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The Short, Happy Life of the 21-Day Period for Responding to Motions for Summary Judgment

On December 1, 2010, the new amendments to the Federal Rules of Civil Procedure went into effect. One recipient of the Advisory Committee's ministrations was Rule 56, which received its most thorough overhaul since the rule was first drafted in 1938.

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Twombly and Iqbal: Good for Affirmative Defenses, Too?

Litigators love to hedge their bets. It is my experience that most litigators are loathe to concede any issue, no matter how tendentious, either for fear of or in the hope that the issue might be useful somewhere down the road.

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The A,B,C's of Deeds In Lieu of Foreclosure

 

In today’s economic climate, homeowners in default on their note and mortgage obligations may believe that foreclosure is inevitable.  However, a deed in lieu of foreclosure is an alternative that homeowners facing foreclosure should consider.

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"White Knights" for Residential Mortgage Workouts

 

One of the areas of practice for BoltNagi PC is commercial and residential mortgage foreclosure law.  Although the substantive law governing commercial and residential mortgage foreclosures is virtually identical, commercial borrowers have an important advantage over residential borrowers:  If a commercial borrower is facing foreclosure, it can seek out new investors or a “white knight” to get it out of trouble.  Residential borrowers don’t generally have that option.

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St. Thomas Litigation Attorney Komives to Practice Law at BoltNagi

The St. Thomas law firm of BoltNagi PC is pleased to announce that Attorney Lisa Michelle Kömives has joined the firm as an Associate Attorney in the Litigation Practice Group. Her practice concentration is complex commercial litigation including insurance coverage. Prior to joining BoltNagi PC, Lisa was an Associate with Akerman Senterfitt in Miami, Florida where she specialized in insurance coverage class actions and breach of contract litigation.

 

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Supreme Court Gives Direction on Corporate Citizenship

A recent decision by the United States Supreme Court has resolved a long-standing ambiguity in the statutory requirements for determining the citizenship of a corporation for the purposes of invoking the diversity jurisdiction of the federal courts. 

In Hertz Corp. v. Friend 30 S. Ct. 1181, 175 L. Ed. 2d 1029 (2010), the Supreme Court identified two principal approaches to determining corporate citizenship for diversity purposes:  the locations of a corporation’s “business activities” versus a corporation’s “nerve center,” which might or might not overlap with the corporation’s nominal headquarters.  See id. at 1190-91.  But, despite the Court’s efforts, the shifting nature of the modern business place might reduce Hertz to a mere way-station on a longer journey.

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Supreme Court Concurs with TBA Attorney Argument on Abatement

Attorney Paula D. Norkaitis, Senior Litigation Counsel in the Tom Bolt & Associates, P.C. Litigation Practice Group,  recently was successful in arguing a case for the principle of abatement with regard to criminal convictions in the U.S. Virgin Islands.

Norkaitis had represented defendant, Edwardo Carmona, Jr., who was convicted at trial of first degree murder by a jury before the Honorable Michael Dunston. Carmona was sentenced to life imprisonment on April 4, 2008.

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Hearing Officers Supports Revocation of Barker Licenses

A hearing officer on Thursday ruled that the Department of Licensing and Consumer Affairs had the right to fine two companies and revoke their solicitors' licenses for doing sidewalk promotions in downtown Charlotte Amalie.

In August, Caribbean Fun Stay and K&R Promotions filed two actions against DLCA pertaining to their solicitors' licenses. One was an administrative complaint against DLCA, arguing that Commissioner Kenrick Robertson overstepped his bounds by fining the two companies and revoking or denying their solicitors' licenses. The second was a complaint in District Court, arguing that DLCA denied the two companies their due process rights - the constitutional guarantee to be treated fairly and not unnecessarily deprived of rights or property.

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Virgin Islands Attorney Announces National Youth Summit

Tom Bolt, American Bar Association Delegate at Large, announced on Wednesday that the The American Bar Association Division for Public Education's National Online Youth Summit. The program offers students in the Virgin the chance to study, research, and analyze an issue, and discuss it online with high school students throughout the United States. The theme of this year’s Youth Summit is “Environmental Law & Public Policy: From Grassroots to Government”. 

Bolt who has served as a member of the ABA's House of Delegates for over twenty years said “This topic is of great interest to all people, especially today’s youth in the Virgin Islands.  The program will focus on grassroots and government efforts to create a national environmental policy, current environmental laws, and some of the political and social responses to resource management and environmental change across time.  Our students will have the opportunity to analyze key legislation and Supreme Court decisions dealing with the environment, and global warming in particular, as well as the role of the Executive branch in administering environmental laws."

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Presiding Judge Heralds VI Court Entering Electronic Age

Presiding Judge of the Virgin Islands Superior Court Rhys S. Hodge addressed the quarterly meeting of the Virgin Islands Bar Association on Thursday, September 21st in the District Court of the Virgin Islands jury room.  Judge Hodge noted that the VI Superior Court would be moving the court into the "technology age".

He said he supports the ongoing effort of the Court Administrator to implement a computerized case management system and has established a date certain, the first quarter of 2007, to have the public access module available online.  There was some discussion amongst the members of the Virgin Islands Bar as to the implementation of e-filing and the necessity of training and double-tier system for attorneys who were not techologically savvy. The public module would allow the public access to the court's calendar as well as court records.  

 

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Preventive Maintenance for Your VI Business

Wise business owners and managers in the Virgin Islands, as elsewhere, effectively reduce operating costs and avoid legal problems by using preventative law practices. The legal health of a business in America’s Paradise must be monitored and kept up to date with changes in the law. As on the mainland, Virgin Islands businesses can avoid disputes, injuries and damages by engaging a business attorney before these issues arise as current problems. This article attempts to give a brief overview of the value of preventive law through the use of the legal checkup. Your lawyer will help you to adopt the strategies that apply to your particular business. Preventive law practices are also much less expensive when compared against the legal problems that develop down the road when a business is left unchecked.

A legal checkup or audit is akin to an accountant's financial audit or a physician’s medical examination. Often a legal check up can be conducted simply by answering the questions about your company on a form prepared by your lawyer. Other instances may require more in depth “due diligence” with respect to your company depending on the answers given on the questionnaire or the complexity of your company’s corporate structure. 

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