We named our company after Frank Abney Hastings. He began his career in 1805 as an officer in the British Navy and fought in the significant sea battles of the Napoleonic wars. He developed innovative mechanisms for naval gunnery and naval tactics. He was awarded numerous decorations for his service.

Having learned about the Greek War of Independence against the Ottoman Empire from the American Philhellene George Jarvis, Hastings resolved to fight for the Greek cause. He landed in Greece in 1822. After participating in several naval engagements aboard Greek battle ships, Hastings presented a memorandum to the Greek government. In the memorandum, he analyzed the shortcomings of the Greek navy, described his innovations and how they would benefit the Greek navy. Anticipating improvements in naval architecture and naval tactics by almost 50 years, Hastings recommended that the Greek ships be powered by steam engines rather than sails and employ mechanisms which would improve the accuracy of naval guns.


Hastings died in 1828 from wounds he suffered in the battle to liberate the Greek city of Missolinghi. His body is buried on the campus of a school for naval officers on the Greek island of Poros. His heart is buried in St. Paul’s Anglican Church in Athens, Greece. Appropriately, the church is located on a street named Philellinon, which means Philhellene.


An old adage which is attributed to John D. Rockefeller goes “ use other people’s money to make money”. There is another old adage which is attributed to Charles Ponzi which goes “it is better to be lucky than to be smart”. The Rockefeller adage implies that raising investment capital is a scheme and that the investor is somehow docile and naive. The Ponzi adage implies that success in business depends on a roll of the dice rather than competence and ability. We reject the sentiment in each of these adages.

The fundamental organizing principle of private investing is that good ideas are merely an introduction to the people who have the ability and competence to implement the business concept. Investors invest in people not in a scheme and not in the stars. This means that the people in the company must establish credibility with the investors. The people in the company establish credibility by demonstrating that they are knowledgeable, understand the dynamics of investing, competent and able to effectively communicate. We resolve to assist the company in establishing credibility.


Throughout history, advances in technology and forms of social organization have spawned commercial innovations. The stirrup, the rudder, the Guttenberg press, the steam engine and electricity have enabled business persons to create products and services. These products and services can generate social and commercial value and utility only if they can be translated into a business operation. To function, the business operation must be supported by financial resources which appropriate investment provides.

The Internet is one of the historical advances. It has enabled business persons to conceive and create innovative products and services. Occurring at about the same time, the following three events have combined to create a period of commercial and social innovation which is unique in history.

1. Business Plans

Business persons are able to produce business plans. These business plans present their business concept in a way that explains the technical aspects of the business concept and demonstrates the commercial and social value of the business concept.

2. Professionals

An industry of highly competent professionals has arisen. These professionals assist business persons in expressing the technical aspects of the business plans to investors.

3. Laws

The securities laws and regulations which govern the methods and means of making private offerings to raise investment capital have become more rational and less restrictive.

As significant as are these developments, we perceive a missing link. On one side, the potential investors can understand the business concept as presented in the business plan. On the other side, the courts and the securities laws protect the investors from fraud and deceit. The missing link is the difference between the financial/control elements which the business person will accord to the investor in exchange for the investment and the financial/control elements which the investor desires in exchange for the investment.

These financial/control elements include items such as the financial return on the investment, participation, if any, in the managing and governing the business, the terms of exiting the investment, how the investment is protected the investment and receiving benefits from the appreciation in value of the business. We serve to connect the link.


We are not broker-dealers. We do not “sell” securities or take equity positions in the companies which we serve. We render our services only to the companies which engage us. We do not take any compensation or reimbursement from any person or entity, including potential investors,  other than companies under our engagement.

Whenever we consider it to be necessary, we will hire or retain experts who have  specialized knowledge and experience to assist us to perform our services.  If we do so, we will identity such persons to our companies.


Hastings Analysis is organized and validly exists under the District of Columbia Unincorporated Non Profit Association Act of 2010, (DC Code § 29-1101 et seq.). Hastings Analysis has not applied for and shall not apply for a tax exemption under Section 501( c) of the Internal Revenue Code. No payment made to Hastings Analysis is tax deductible to the payor. We are located in Washington DC


Nicholas G. Karambelas

Mr. Karambelas practiced law from 1980 through 2020. in the State of New York, Washington DC and the State of Maryland. He practiced in the areas of business entity organization, international law and business transactions, e-commerce, securities, and franchising. In 2021, he founded Hastings Analysis which advises US and non-US business persons on translating a business concept into an investment concept, advocates for international trade and investment and publishes books and articles on international business topics and international politics.

Mr. Karambelas participated in the drafting of the revised business organization laws of the District of Columbia. He was elected as Secretary of the D.C. Bar and served for 2004-2005. He served on the Publications Committee and was Co-Chair of the Continuing Legal Education (CLE) Committee of the District of Columbia Bar. He was a CLE lecturer and taught in numerous areas of law including company law, international business transactions and commercial law to other attorneys.

Mr. Karambelas holds a Bachelor of Arts (B.A. 1975 from Union College, a Juris Doctor (J.D.) from Fordham University School of Law and a Master of International Affairs (M.I.A.) from Columbia University School of Public and International Affairs. He attended courses at the Athens University School of Law and the Fletcher School of Law and Diplomacy of Tufts University.

Mr. Karambelas has written numerous articles on business entity organization law, transactional law international law and international politics. He has authored a three-volume treatise entitled “Limited Liability Companies: Law, Practice and Forms” which has been published in its second edition by Thomson Reuters West Company (next.westlaw.com: database:llclpf).


Limited Liability Companies: Law, Practice and Forms 2nd Edition, 3-volume treatise on line and soft cover services, published by the Thomson Reuters on limited liability companies and other non-corporate entities & Forms”. Volume 1 was published in June 1994 and in second edition in June, 2004; Updated twice a year. Last update August 2021; Volume 2 entitled “The Art of Drafting the Operating Agreement” published in September 2021.

Available online at next.westlaw.com: database:llclpf.

Ebook Treatises

Comparative Guide to Business Entities in Greece for American Business Persons, published by Hastings Commentaries. First Edition: April 1, 2016. Second Edition August 1, 2021; To be available online at Hastings Analysis.

Guide to the Legal Aspects of Doing Business in the United States for the Foreign Business Person, published by Hastings Analysis. First published April 2015. Updated through August 1, 2021. To be available online at Hastings Analysis.

Comparative Guide to Business Entities in Cyprus for American Business Persons, to be published by Hastings Analysis and available in December, 2021 online at Hastings Analysis.

Business Entity Laws

“Examining the Law that Prohibits Foreign Nationals from Participating in U.S. Elections” Vol. 24 No. 6 The Washington Lawyer February 2010.

“Raising Capital and Exemptions from Registration under Federal Securities Laws” Vol. 24 No. 4 The Washington Lawyer December 2009.

“The Revised Uniform Limited Liability Company Act”, Vol. 22 No. 6 The Washington Lawyer February, 2008.

“Overview of UCITA and its Issues”, Vol. 16 No. 4 The Washington Lawyer, December, 2001.

“New Lease on Life for LLCs-The Limited Liability Company Amendment Act of 2000″, Vol. 15 No.1 The Washington Lawyer, September, 2000.

“D.C. Revised Uniform Partnership Act of 1996″, The Washington Lawyer Magazine, Vol. 12 No. 4 March/April 1998.

“D.C. Limited Liability Company Act of 1994,” The Washington Lawyer Magazine, Vol. 9 No. 2, November/December 1994.

“D.C. Corporation Law Revision Act of 1992,” The Washington Lawyer Magazine, Vol. 7 No. 1, September/October, 1992.

International Business Transactions

“A U.S. Lawyer’s Guide to the Transatlantic Trade and Investment Partnership” Vol. 28 The Washington Lawyer Magazine No. 11 July/August 2014.

“UN Convention on the International Sale of Goods: An International Law as Domestic Law ” Vol. 23 No. 8 The Washington Lawyer April 2009.

“Civil Law Notary: An Office Whose Time Has Come?”, Vol. 19 No.7 The Washington Lawyer, March, 2005.

“Fundamentals of the European Union Court System”, Vol. 18 No. 4 The Washington Lawyer December, 2003.

“Viable Alternative: Uniform Unincorporated Nonprofit Association Act”, Vol. 18 No.2 The Washington Lawyer July/ August 2003.

“Franchising in Perspective”, Vol. 17 No. 4 The Washington Lawyer, December 2002.


“The American Declaration of Independence (1776) and the Greek Proclamation of the Messenian Senate” Vol. 12 Spring 2021 American Journal of Contemporary Hellenic Issues. Online at https://ahiworld.org/AHIFpolicyjournal/.

“The Treaties of the Aegean Sea: Clash of Nationalisms” Vol. 10 Winter 2018 American Journal of Contemporary Hellenic Issues. Online at https://ahiworld.org/AHIFpolicyjournal/.

“Germany’s Wartime Occupation Loan: A Legal View” Vol. 8 American Journal of Contemporary Hellenic Issues Spring 2017. Online at https://ahiworld.org/AHIFpolicyjournal/.

“Greece’s Century-Long Subjugation” Politico September 18, 2015.


“After the Treaty of Lisbon: Cyprus and the Direct Trade Issue in the European Union” Vol. 2 No.1 Fall 2010 American Journal of Contemporary Hellenic Issues Online at https://ahiworld.org/AHIFpolicyjournal/.

“Apostolides v. Orams: An American Perspective” Vol. 1 No.1 American Journal of Contemporary Hellenic Issues Foundation Policy Journal Summer 2009 at https://ahiworld.org/AHIFpolicyjournal/.

Book Review “An International Relations Debacle: The UN Secretary-General’s Mission of Good Offices in Cyprus 1999-2000 by Claire Palley, Vol. 20 No. 7 The Washington Lawyer, March, 2006.

“The Treaty of Lausanne of 1923 and the Treaty of Paris of 1947 (Aegean Sea Treaty Regimes) under American Law” The Cyprus Yearbook of International Relations 2006.

Political Law

“Electing the President: The Race to 270″ The Washington Lawyer Magazine July/August 2016.

“Examining the Law that Prohibits Foreign Nationals from Participating in U.S. Elections” Vol. 24 No. 6 The Washington Lawyer February 2010.

“The Honest Leadership and Open Government Act of 2007″, Vol. 22 No. 4 The Washington Lawyer December, 2007.

“Congressional Ethics and Lobbyists”, Vol. 21 No. 9 The Washington Lawyer, May, 2007.

“Keeping PAC Money Legal”, Vol. 20 No. 4 The Washington Lawyer, December, 2005.

“The Role of Counsel to Political Campaigns under FECA”, Vol. 18 No.9 The Washington Lawyer, May, 2004.

“Foreign Influence and U.S. Foreign Policy”, Pacis, a quarterly journal of the Defense Policy Analysis Institute of the Ministry of National Defense of Greece, Fall 2000.

Constitutional Law

“Where the First Amendment Comes From” Vol. L No. 4 Maryland Bar Journal July/August 2017.

Practice Articles


Publisher and Editor in Chief

“The Uniform Business Organization Code” Vol. 2 The D.C. Law Journal Summer 2018.

“The District of Columbia Limited Liability Company Act” Vol. 2 The D.C. Law Journal Fall 2018.

“The Canon of the Last Antecedent: Law Meets Physics” Vol. 2 The D.C. Law Journal Fall 2018.

“Political Organizations and Campaign Finance under the District of Columbia Campaign Finance Act” Vol. 1 No. 1 D.C. Law Journal Summer 2017.

“Lobbyists and Lobbying in the District of Columbia under the Government Ethics Act of 2011” Vol. 1 No. 1 D.C. Law Journal Summer 2017.

Nikos Mouses

Mr. Mouses has over 25 years of experience in the food and beverage supply industry, brokerage services for the cruise and ferry industries and the travel industry. He is the member and manager of Terraco LLC, which is a qualified Sysco Vendor, and distributes food, beverages and travel services to the cruise industry and other buyers throughout North America.

Mr. Mouses is the President and Chief Executive Officer of the Olympus Plaza Group of Companies which manages highway travel stops in Greece and the Balkans. He is also the Managing Director of Five Continent Cruises. He serves as a director and principal of several companies which offer the same products and services as does Terraco LLC in the European markets.