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,
If you run a corporation, there are rules by which owners must abide in order to remain in compliance with territorial and federal laws. A failure to do so could result in serious issues for the corporation and its owners, who could suddenly find themselves liable for the business’s debts. Thus, it’s important to keep
A judge may allow a party leave to amend a pleading, in some cases to add facts or to clarify an issue. The United States Court of Appeals for the Third Circuit recently heard a case where a plaintiff was given a chance to amend his complaint, but not a second.Continue Reading Leave to Amend a Complaint not Guaranteed by the Bill of Rights
In a recent case, the Appellant, Hani Khalil, asked the Supreme Court of the U.S. Virgin Islands to hear his argument concerning the Superior Court’s orders, which ruled on his motion in opposition to a motion for attorney’s fees and prejudgment interest filed by the Appellee, Guardian Insurance Company. Continue Reading Rules Are Meant to be Followed, Especially When Appealing a Case
Continue Reading Why A U.S.V.I. Company Needs A Resident Agent
In 2009, Rian Watts and David Morrell were interested in buying a furnished home located in Estate Bonne Esperance on St. Thomas, U.S. Virgin Islands. Tanya Blake–Coleman, a licensed real estate broker in the U.S. Virgin Islands, represented the sellers of the property. Ms. Blake–Coleman was employed by My Dream Properties, Inc., d/b/a Re/Max Dream Properties (“Dream”). Dream was owned by Rosemary Sauter (“Sauter”), also a licensed real estate broker.Continue Reading Failure to Prosecute: Dream Home Purchase Turns into Litigation Nightmare
Are you starting a business in the U.S. Virgin Islands? Do you have questions about how to apply for a business license? Most businesses are required to apply for and obtain some form of license or permit to operate legally. Domestic and foreign corporations, partnerships, and sole proprietorship engaging in any business in the U.S. Virgin Islands must apply for and obtain a business license from the Department of Licensing and Consumer Affairs ("DLCA"). Continue Reading Obtaining a Business License in the U.S. Virgin Islands
There are many reasons and motivations for selling a business. On this list somewhere towards the top is the idea of cashing out and making money. Part of this is concern over how much money you will actually keep and how much you will need to give to the government in taxes.Continue Reading Tax Ramifications of Selling a Business
BoltNagi Associate Steven K. Hardy was recently elected as the District 10 Representative to the American Bar Association Young Lawyers Division Executive Council at the quarterly meeting of the Virgin Islands Bar (VIBA). Hardy currently serves as Chair of VIBA’s Bar Journal Committee, Co-Chair of VIBA’s Young Lawyer Committee and as VIBA Delegate to the ABA YLD Assembly.Continue Reading Virgin Islands Young Lawyer Elected to National Bar Office