When it comes to leasing and financing civil aircraft, it’s incredibly important to understand the various liens and interests potentially involved, based largely on Federal Aviation Administration Aircraft Registry Reports. These reports have been mandated on airplanes so that individuals can somewhat easily find all of the possible claims and other legal interests attached to
End of Safe Harbor Will Pose Challenges to US Businesses
The legal agreement that enabled the exchange of European citizens’ personal data between European and U.S. firms is no more. In an October 6 ruling, the European Court of Justice declared the Safe Harbor agreement invalid, charging that data protection processes in place at companies like Facebook is insufficient and fails to meet the
U.S. Virgin Islands: The Perfect Port of Call For Film and Television Production
The U.S. Virgin Islands is well-known as a breathtaking vacation destination and a corporate tax haven. It is less well-known, but equally attractive as a destination for film and television production.
As far as tropical shooting locations, the USVI can hardly be beat. In a relatively small area, the USVI offers both tropical desert and
FTC to Take Increased Role in Data Security Following Wyndham Decision
A recent unanimous decision by the U.S. Court of Appeals for the Third Circuit is poised to have a considerable impact on cybersecurity for American corporations, including those in the U.S. Virgin Islands.
The decision in Federal Trade Commission v. Wyndham Worldwide Corp. puts to rest an ongoing debate regarding the oversight of corporate cybersecurity,
Navigating the Purchase Agreement when Buying a New Business in the USVI
Buying an existing business offers an opportunity to experience the thrill of business ownership without a lot of the headache and frustration that comes along with starting a business from the ground up. Typically, the process will involve a great deal of discussion between buyer and seller, and some back-and-forth over general aspects
How to Move Forward with Dissolving a Partnership
Making the decision to dissolve a business partnership is rarely easy, particularly if bad blood has developed and the partners can simply no longer work with each other. However, there are other circumstances that can lead to dissolution being the best option, such as one partner wanting to retire or even simply losing interest in
Prevention the Key to Avoiding Intellectual Property Infringement
Intellectual property is one of the key components of any company’s brand. Whether your business is brand new or you’ve been an established fixture in your industry for a number of years, you likely have a logo, product or other property upon which your business’s image—and perhaps even your livelihood—depends. Discovering that another entity has
The Hotelkeeper Law of the U.S. Virgin Islands
A key aspect of being a proactive business owner is understanding how the law impacts your industry. Fortunately, many industries have areas of the law devoted specifically to their business practices. The hospitality industry is one such industry, as hotelkeepers in the U.S. Virgin Islands are governed under Title 27, Chapter 13, Sections 401-408 of
When Is It Appropriate to Consider a Joint Venture?
If you’re a business owner, you may come across an opportunity to work in partnership with another party for the benefit of both of your organizations. The law allows for businesses to legally work together and share assets with each other for a period of time, providing both parties agree. If two or more businesses
What Happens if Your Nonprofit Makes Money?
The name explains itself. If an organization claims to be a nonprofit, then it’s intention is to provide services or programming without making a profit.
However, in some circumstances, these organizations do end up producing a profit. Due to the nature of their relationship with the federal and territorial governments, nonprofits do not file taxes