Investments

Former Hawks Management Group Sues AIG for Breach of Contract

The previous management group of the NBA franchise, the Atlanta Hawks Basketball and Entertainment LLC, has opened a case against New Hampshire Insurance Company. In the lawsuit, the former Hawks management group (AHBE) accuses the insurance firm of failing to compensate claims that previous general manager made. AHBE consisted of Bruce Levenson who held the position of controlling partner. The current management group led by Tony Ressler is not involved in this lawsuit.  http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/

AHBE filed this case in the Fulton County’s Superior Court on September 13 against the insurance provider also known as AIG. The lawsuit accuses the insurance provider of misconduct and breach of contract. According to AHBE, the policy it obtained from AIG protected it from employment practices’ losses, including workplace misdemeanors and wrongful termination. The court documents show that AHBE notified the Insurance Company on April 2, 2015, that its former general manager had filed claims.

AHBE signed a deal with the Ressler-led ownership group on June 22, 2015, that saw it sell the NBA franchise for an undisclosed amount. The announcement of the buyout agreement was made public two days later.

A review of the lawsuit

AHBE has not disclosed the amount it is claiming from AIG. In the lawsuit, former Hawks ownership group state that AIG has declined to accept that a claim was filed. It has also refused to offer compensation. The lawsuit indicates that the claims made by the former general manager are within AIG’s policy coverage. However, AIG has blatantly refused to pay the insured loss without substantial explanation.

Levenson’s career and philanthropic activities

Bruce Levenson is an entrepreneur, philanthropist, and the former owner of Atlanta Hawks Basketball and Entertainment Company. Levenson also served as a representative of the Hawks on the NBA Board. Levenson is an alumnus of the Washington University of St. Louis and the American University. Bruce Levenson enlisted the help of Ed Peskowitz in establishing United Communications Group, a franchise involved in a variety of businesses. Levenson sits on the Tech Target’s executive committee. He also supports various charity organizations such as I Have a Dream Foundation, the U.S Holocaust Museum, the Jewish Federation, and the SEED Foundation.

Article sources are brucelevenson.com and  wikipedia.org.

 

New Zealand’s Tax Transparency

Geoffrey Cone is a graduate of the University of Otago, New Zealand. He holds a LLB honors and a post graduate diploma in tax and trust law. He commenced practice in 1980 in Auckland, New Zealand later moving to Christchurch to become a partner and Chairman of Partners in a leading law firm. After working in the British West Indies as a litigator for two years he returned to Auckland in 1997 to establish his own firm Cone Marshall Limited. He now specializes in international trust and tax planning. In 2012 he gave his thoughts on tax transparency to the New Zealand Herald.

 

When you think about banks and foreign governments, New Zealand is not the first place you think of. Maybe it should be. New Zealand has shown itself to be a leader when it comes to tax transparency when dealing with foreign trust. The 2002 OECD Model Agreement on Exchange of Information on Tax Matters is considered by many to be the gold standard. It supports the international exchange of information helping to enforce domestic tax laws.

 

After exhaustive consultations Michael Cullen brought new rules to this area in 2006. Any trustee of a foreign trust, living in New Zealand, will be required by the IRD to submit a Foreign Trust Disclosure form and keep all financial and other related records.

 

Now details of settlements, distributions, trust deeds, liabilities, details of the trust’s assets, and details of the money received and spent by the trustee will fall under this law. Records must be in English; heavy penalties will be levied against anyone failing to comply. New Zealand has over 20 tax information exchange agreements with foreign countries all designed to prevent tax avoidance or evasion. The respected trust lawyers in New Zealand help to keep the transparency of tax laws. Bolstering New Zealand’s reputation for honesty.

 

While other countries might lobby for foreign money that is obtained by questionable means, and be willing to hide funds to defraud foreign governments, New Zealand wants no part of that. They are proud to do business with places like Britain, Singapore, and the US in a transparent and above board fashion. Likewise, international taxation experts consider New Zealand to be a leader in operating foreign trusts in accordance with the OECD.

 

Members of the international Society of Trust and Estate Practitioners work together to keep New Zealand a place other countries respect as a honest place to do business.

 

Exciting Event Held For Toys for Boys

 

Danilo Diaz Granados has been putting on what he terms, Hyper-Sensory Experience events unique to Miami, to benefit his charity, TOYS for BOYS. His store’s special product lines are part of those exciting events, which include items that some people would consider quite extravagant. His guests at his event in July, 2016, ate a fantastic breakfast at One Thousand Museum center with the famous, Dame Zaha Hadid. It was a day of luxurious treatment for the powerful socialites who attended. The event concluded with a fabulous boat ride while the sun was setting. In between, celebrants took helicopter rides to the nearby racetrack, sipping Dom Perignon and snacking on the best cuisine Miami has to offer.

 

HauteLiving described that Danilo and the high-level attendees were given an exclusive tour of the new Biscayne residential property after finishing breakfast. As he hosted this over-the-top event, Danilo Diaz Granados let everyone there know that he wanted everyone there to experience the very best food, entertainment options, and artistry that Miami has to offer. To top this off, his rides in the helicopter took them on a circle tour of the Miami area, including a stop at the celebrated Palm Beach Race Track.

 

Danilo Diaz Granados helped start TOYS for BOYS. He had already done well in business because of his high degree of education and his knowledge of the local marketplace and people with their various mixed cultures. He is a graduate of Babson College in Wellesley, Mass. That is where he also obtained his degree in Economics and Entrepreneurship. When he came to Miami, Florida, he immediately recognized the need for more luxury stores.

Martin Lustgarten; Advice That Will Make Your Investment Grow

Investment banking can be referred to as the creation of capital. It entails underwriting of debts and other securities. Banks organize this for government’s bodies and other business establishments. Another significant role of investment bankers is to give advice on securities and stock. With the proper information, you can make the dream of retiring come true. Before you invest your money, make sure you get professional guidance to make prudent decisions and avoid unnecessary mistakes. There are many investment bankers, but if you are looking for quality and reliability, then Martin Lustgarten is the guy for you.

Martin Lustgarten is an Australian and Venezuelan citizen.He has two citizenships so as to leverage his clients. Martín is a proper advocate in international investments. He invests in several countries so as to minimize the risk and also to make sure he promotes the development of the particular places he chooses to invest in. He has an ability to watch the market of incoming trends and when he sees downfalls coming his way he can pull out before it ruins his investments plan and his customer’s expectation.

He an implausible hard worker so that he gets the best from his investments. His intellect in the investing field enables him to spot developments before they are even known by other investors. Martin emphasizes that there is a great need to keep a global portfolio when it comes to investment banking; this is because it gives you some stability. When it comes to retiring, it may not be as hard as it looks. The economy is stabilizing, and the stability comes with an opportunity too. Making wealth is all about making smart moves, and for an average person, you would need the expert advice. .