Monthly Archives: October 2016

Bruce Levenson Ferry Settlement Lawsuit

The AHBE (Atlanta Hawks Basketball and Entertainment LLC) is the previous ownership organization of the NBA franchise, and it has filed a lawsuit against an insurance company, New Hampshire Insurance Company. The basis of the lawsuit was a breach of a contract entailing the settlements of claims from Danny Ferry, the former general manager. The AHBE is inclusive of Bruce Levenson, a controlling partner. The lawsuit excludes the Tony Ressler-led group that currently owns Hawks.

The lawsuit was filed on September 13 in the Superior Court of Fulton County, and it is described as a civil action for insurance bad faith and breach of contract. According to AHBE, it was insured under an insurance policy catering for coverage for specific losses that relates to employment practices including certain acts of “Workplace Torts” as well as “Wrongful Termination.” Hawks and Ferry ownership reached a buyout agreement that took place on June 22, 2015, and it was undisclosed. The buyout ended a six-year $8 million contract signed in 2012.

Bruce Levenson is a renowned American businessperson. According to Time Magazine he is a profound philanthropist and the former owner of an NBA team. Bruce was a co-owner of Atlanta Spirit LLC, currently Atlanta Hawks LLC, which owns and controls all operations of the Phillips Arena and Atlanta Hawks basketball team (http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/). Previously, Levenson has served on the NBA Board of Governors as the Hawks’ Governor since 2004. In 1977, Bruce Levenson co-founded a communications organization called the United Communications Group (UCG). He was among the founding board members and is currently serving on the Board of Directors of an IT industry media firm, Tech Target, which is publicly traded. Read more on prnewswire.com.

 

New Zealand Foreign Trusts: A Safe Horbor, Not a Tax Haven

Some individuals and businesses seek to avoid taxes by moving funds to tax havens. A tax haven is a country with laws that allow foreign-originated funds to go unreported. In a recent article published on NZHerald.com, Geoffrey Cone writes that New Zealand is not one of these tax havens and is not likely to change. In fact, Cone says the country is considered a model of tax transparency when it comes to foreign trusts and other arrangements. New Zealand complies with the Organization for Economic Cooperation and Development’s 2002 Model Agreement on Exchange of Information on Tax Matters. New Zealand is on the OECD white list of nations practicing tax transparency.

A Safe Haven for Investors

Investments by foreign individuals in New Zealand trusts is growing. The reason is that the clear and consistent regulatory environment makes it ideal for those who are concerned with issues like protecting their money and insuring proper succession. New Zealand has built a global reputation for tax transparency that attracts these types of foreign trust investments. For example, there are double taxation agreements with 35 nations that protect investors. There are another 20 tax information exchange agreements designed to prevent tax evaders from hiding money in New Zealand.

Regulatory Requirements

In 2005 New Zealand adopted updated requirements for trustees for foreign trusts. Trustees must file disclosure forms for settlements and when distributions are made. The required information includes a listing of the trust’s assets and liabilities. Trustees must also furnish the name and addresses of all recipients of foreign trust funds and the particulars of distributions and settlements. As the agreements mentioned above imply, this information is shared with the investors’ home countries tax agencies and other regulatory bodies. When a foreign trust includes a business, the trustee must furnish information about the method of accounting.

Not surprisingly, New Zealand has strict enforcement policies, including severe penalties for noncompliance with the regulations governing foreign trusts. These policies have enabled the country to develop strong relationships with nations like the United States and Great Britain that also follow OECD guidelines.

Geoffrey Cone is an attorney based in Auckland, New Zealand. He specializes in international trust and tax law. He works mainly with clients from Spain and Latin America, assisting them with wealth planning. He is a partner in the law firm of Cone Marshall Ltd. Geoffrey Cone began practicing tax and trust law in 1980 following his graduation from the University of Otago.

Follow Cone on LinkedIn

Doe Deere the Inspiration

Doe Deere
The beauty industry has always had its rulers. Those common suspects that line every drug store shelf;that exalted world which many have tried-and failed to penetrate. Enter Doe Deere (founder of beauty brand LimeCrime),and a spanner is thrown in the works.And the age old question; could an outsider, an upstart overturn the status quo?

As is the norm today, want a quick glimpse into someone’s life, their thoughts, habits, pets, pet peeves,what they had for dinner last night e.t.c e.t.c, look no further than social media. A quick look at Doe’s Instagram page and one is struck immediately by the colors. From Doe’s own pink hair, to innumerable images of make up of all shades. You can immediately tell that she is bold and fearless when it comes to expressing herself.

Her cosmetic brand, Lime Crime proudly advertises itself as “Make up for Unicorns.” It speaks to those who may have always felt left out.Conventional cosmetic companies bombard us with images images of perfectly preened supermodels, TV and movie stars. Their airbrushed “perfection” mocking us “mere mortals” from across the screen and the pages of glossy magazines. Doe makes people everybody feel included. Freely admitting that she was pretty bad at make up until her 20s, it’s almost hard to believe how far she has come in such a short space of time. This is the type of revelation that endears her to her clientele. That sense of “If I can do it, so can you.”

View: https://www.linkedin.com/in/doedeere

Boldly advertising her brand as vegan and cruelty free makeup, it is easy to get an insight in to the type of person that Doe is. That taking a stand on moral issues is as important as the product. Named in 2009 as one of the “50 inspiring women entrepreneurs” by Self Made Magazine, it is hard to fathom her meteoric rise in such a short space of time. It is assumed that in the age of the internet, that it is easy to build a brand based on followers and likes. The truth is that standing out from the crowd gets harder as more people put themselves out there. The age of social media, makes it harder to rise above the noise, but Doe has managed to do that.

Doe Deere in her launching of LimeCrime, has managed to make the outsider feel like an insider, the outcast feel like they belong, those discontent with the status quo, to stand out. Her boldness, love of color and lack of fear in speaking out have given her a proud following of unapologetic “unicorns”. In seven short years her brand LimeCrime has managed to establish itself in a field littered with the shattered dreams of many a failed entrepreneur. Unconventional, yes! But speaking to a demographic that values the moniker “Outsider”

Learn more: https://ideamensch.com/doe-deere/

Top Hair Care Products Continue To Evolve In The 21st Century

The evolution of hair care products has continued over recent years as new technologies and options are found and used by pioneers in the hair care industry. There are many new products released each year that are designed to make women’s hair look thicker, shinier, and often with greater levels of volume that can often become popular when used by a large number of celebrities from around the world; one of the most popular products chosen by a number of fashion magazines as an award-winner has been leave in dry conditioner products designed to provide shiny looking hair throughout each and every day.

There are options available that can take the place of a number of these products that women feel add a large amount of time onto their daily hair care routine. Wen By Chaz is one of the products that has recently arrived on the QVC market and is being used by women for its five in one abilities that eliminate the need for a range of products to be used from shampoo to leave in conditioners.

 The Wen Hair brand is well known for being the brain child of popular celebrity hair stylist Chaz Dean, who has built a high profile in Hollywood as one of the top hair professionals in show business. Chaz Dean developed his own brand of products that make it easier for every woman to complete their hair routine each day in the simplest and quickest way.

The arrival of supersonic hair dryers and smoothing shampoos and conditioners in 2016 has led to hair care becoming a major market in the beauty industry; however, even the major advances being made are often overtaken by products like Wen By Chaz that make life easier for all.

Facebook page: https://www.facebook.com/WENhaircare/

Wikipedia page: https://en.wikipedia.org/wiki/Wen