By Anna Vlasova The Corporate Transparency Act (H.R. 2513 – 116th Congress (2019-2020)) (hereinafter, the “CTA”) has imposed new filing and reporting obligations on certain business entities, such as U.S. Virgin Islands limited liability companies, corporations, and other entities that must file organizational documents with the V.I. Government. The CTA requires that reporting entities file [...]
By Lisa Michelle Kömives The V.I. Supreme Court has found that certain “procedural” terms of the Federal Arbitration Act (“FAA”), 9 U.S.C. § 1 et seq., related to appealing arbitration awards do not preempt the law of the U.S. Virgin Islands, even if the arbitration agreement has an interstate nexus. See Gov’t of the [...]
By Alex Moskowitz You secured a contract with the Government of the Virgin Islands to undertake substantial municipal scale construction and the Government doesn’t pay, now what? Under the Revised Organic Act, Title 48, United States Code, Section 1541, the Government of the Virgin Islands can be sued in cases arising out of contract. While [...]