An International Asset Protection Trust (IAPT), also known as an Offshore Asset Protection Trust or Foreign Asset Protection Trust, is a legal structure established in a foreign jurisdiction with the purpose of protecting assets from potential creditors, lawsuits, or other financial risks. It is commonly used by individuals, families, and businesses to safeguard their wealth

As a business owner, safeguarding your assets is crucial to secure the long-term success and sustainability of your business. An effective asset protection plan acts as a shield against potential legal and financial risks. In this blog post, we will explore the key steps involved in setting up an asset protection plan, empowering you to

DiPasquale & Summers is investigating a potential multi-million dollar scam involving bogus “vanity” awards for Best of Waikiki and Best of Honolulu.   Unlike legitimate awards issued by the Star Advertiser and other reputable publications and news outlets, less scrupulous companies are engaging an a deceptive practice intended to dupe businesses out of their money, and

On Friday, May 13, 2022, a Federal Jury returned a $3 million dollar verdict against the former owner of for breach of contract, fraud and civil conversion (theft), awarding the Plaintiff over $1.5 million dollars in fraud and punitive damages. James D. DiPasquale of DiPasquale & Summers, LLP, represented the Plaintiff. In the case

Force majeure is a contractual provision that excuses a party’s performance if an unforeseeable event prevents them from fulfilling their obligations under the agreement.  Not all agreements (especially lease agreements) contain these provisions, but some of them do.  Landlords frequently object to the inclusion of these provisions for practical reasons.  However, that does not mean

Restaurants spend huge amounts of money on special equipment and trade fixtures, such as refrigerators, stoves and ovens, to build out a space.  When a restaurant space is leased, who owns these assets: landlord or tenant?   Restaurant tenants should be sure to focus on this important term when negotiating a restaurant lease. Commercial landlords often present