NEVIS AMENDS ITS LIMITED LIABILITY COMPANY ORDINANCE

The Nevis Limited Liability Company (Amendment) Ordinance, 2015 (the “Ordinance”) became effective on July 1, 2015. From an asset protection perspective, the two main provisions in the Ordinance include: (i) the restatement of the section regarding charging orders; and (ii) the addition of a new section regarding fraudulent transfers. The charging order section now states that a charging order is the sole remedy available to any judgment creditor (including a...
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Charging Order Not Sole Remedy in Bankruptcy

In the case of In re Cleveland , 2014 WL 4809924 (D. Nev. Sept. 29, 2014), the issue was whether a bankruptcy trustee succeeds to all of a debtor’s rights in a single-member limited liability company (including the right to control and manage such entity) rather than being limited to obtaining a charging order against a debtor’s membership interest in the limited liability company, which is the sole remedy available...
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Seminars & Events:

April, 2017 - CELESQ
“An Asset Protection Planning Primer for Estate Planning, Tax and Creditors Rights Lawyers”
Live Web Cast
May 31 – June 1, 2017 - 

SOUTHPAC TRUST OFFSHORE PLANNING INSTITUTE CONFERENCE 2017, “Asset Protection in a Changing World” (31 May 2017) and “Questions & Answer Panel on Industry Challenges to Asset Protection Structures” (1 June 2017)
Las Vegas, Nevada

 

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Contact Information

Barry S. Engel
Email: info@engelreiman.com