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Tag Archives: RiverOak

RiverOak

RiverOak Investment Corp. LLC RiverOak seems to have been brought into this by Tony Freudmann. RiverOak is a US real estate company that is registered as an LLC in Delaware. This gives RiverOak considerable protection from prosecution. We’ve been looking at some Delaware Supreme Court judgements. As the Court says: “…ultimately, LLCs and corporations are different; investors can choose to …

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Letter to Discovery Park

Trevor Cartner and Chris Musgrave

Discovery Park (Trevor Cartner and Chris Musgrave) now own 80% of the Manston site, and Ann Gloag is a minority shareholder. In a better world, TDC would now be talking to Discovery Park about their plans, in the hope of conjuring the best possible deal for Thanet. In practice, TDC are still fixated on the idea of CPO-ing the site …

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RiverOak’s proposed CPO deal with TDC

I would be most grateful for any of you who are legally or contractually minded to have a quick look at this document. It’s the Heads of Terms for CPO Indemnity Agreement between Thanet District Council and the newly formed RiverOak Aviation Associates LLC. I am not legally or contractually minded, but it appears to me at first glance that …

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Why is RiverOak an LLC? And what is an LLC anyway?

RiverOak

The organisation that TDC is so keen on handing the Manston site to is not RiverOak Investment Corp LLC, but a subsidiary outfit registered in Delaware on 3rd July 2014 called RiverOak Aviation Associates LLC. I wondered why a company based in Connecticut would want to be registered some 300 miles away in Delaware. And I wondered what an LLC …

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Manston Solved

Simple: TDC gets the District Valuer to value the Manston site, asap. TDC will have to get it valued if they want to CPO it (and they appear to be dead set on carrying out a CPO), and they should do it sooner rather than later – it might resolve their current predicament. If the value seems too low to …

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Back the fight for council buy-out of Manston airport

SHOULD companies show corporate responsibility for the people whose areas and amenities they exploit? That’s a question currently being answered by people in Manston who are fighting to save our regional airport. Stagecoach tycoon Ann Gloag bought Manston for £1 last October and closed it on May 15, citing losses, in spite of an offer made by the American company …

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