Whisperings On African Business Developments & Opportunities – November 2013

Whisperings On African Business Developments & Opportunities – November 2013

There is an increasing trend for the construction of private airport terminals and facilities at AFRICAN AIRPORTS.  These constructions vary from the four-floor complex being constructed by Quits Aviation at the Lagos International Airport in NIGERIA to the modest VIP lounge established at the Lubumbashi Airport in the DEMOCRATIC REPUBLIC OF CONGO.  

Chinese Developer Makes Large Footprint in U.S.

By | CrunchedCredit | November 11, 2013
Chinese Developer Makes Large Footprint in U.S.

We have previously written here on CrunchedCredit about Chinese banks lending in the U.S. With recent news that Chinese state-owned developer Greenland Group has agreed to purchase a 70% stake in Brooklyn’s Atlantic Yards development for $725 million, we have seen the first headline grabbing real estate acquisition of U.S. property by a Chinese investor.

Tax Recharge Provisions in Leases – the Devilish Details

By | The Lay of the Land | November 11, 2013
Tax Recharge Provisions in Leases – the Devilish Details

Landlords and tenants beware! If you are a landlord and you do not pay enough attention to the tax recharge provisions in your leases, you can end up out of pocket tens or even hundreds of thousands of dollars on the annual tax recharge balance sheet. As we all know, if you do not have a contractual ability to collect, you still have to pay.

American Legion Weighs in On Kingdomware and Asks Federal Circuit to Force VA to Comply with the Law

American Legion Weighs in On Kingdomware and Asks Federal Circuit to Force VA to Comply with the Law

On September 11, 2013, the American Legion filed an amicus curiae brief, asking the Federal Circuit to reverse the Court of Federal Claims’ November decision in Kingdomware Technologies, Inc. v. The United States. In Kingdomware, the COFC effectively overturned an important line of Government Accountability Office (“GAO”) decisions affecting VOSBs and SDVOSBs.