January 19, 2024 Belchenko Law obtained victory on behalf of a local distributor of aircraft parts and equipment, 111Repair, in the client’s dispute with a private Venezuelan airline, Albatros Airlines. 111Repair initiated arbitration proceedings against the airline for failure to repay certain funds provided to the airline to finance an aircraft lease, and for failure to pay for aircraft parts and equipment. The Read More
Litigation Or Arbitration?
Disputes are an unavoidable part of being a business owner. They arise in the context of employment relationships, relationships with customers, service providers, business partners, and in various other contexts. When considering the most common dispute resolution methods, what should you chose – litigation or arbitration? Each has its own benefits and drawbacks, as we explore below. Why a Business May Choose Read More
Choosing Between A Corporation and A Limited Liability Company
Selecting the appropriate legal structure is a crucial decision when starting a business. Two common options are corporations and limited liability companies (LLCs). Both corporations and LLCs are separate legal entities independent of their owners, allowing them to own assets, enter into contracts, and sue and be sued in their own name. Also, both entity structures offer limited liability protection, which means Read More
Lumar Aviation alleges Venezuelan airline owes more than $1.4 million for parts
By The Florida Record - Feb 3, 2016 FORT LAUDERDALE—A distributor of aircraft parts is suing a Venezuelan airline for money allegedly owed. Lumar Aviation Inc. filed a complaint on Feb. 2 in the U.S. District Court for the Southern District of Florida, Fort Lauderdale Division against El Consorcio Venezolano de Industrias Aeronauticas y Servicios Aereos, S.A. alleging breach of contract. The plaintiff alleges that Read More
