Behind the scenes of the Florida Business Corporation Act, or FBCA, business lawyers are debating amendments that may change how shareholders bring derivative lawsuits. At present, a rift exists between the law and the courts’ ruling on the law regarding demand futility. The demand requirement is a concept concerning shareholder […]
Q: I heard there was a new law that punished condominium associations who failed to timely provide a copy of the annual financial report. Is this true? What are the penalties? S.U. via e-mail A: You are referring to a recently revised provision within the Condominium Act which became effective […]
Q. I live in a 40-unit condo building, which has had a ‘no pet amendment’ since 1980. A woman recently purchased a unit and has been seen with a dog that barks all the time. She signed all the disclosure forms that stated “no pets,” but gave the board a note […]
Law360 (October 17, 2018, 8:25 PM EDT) — A trustee for creditors of ATIF Inc. filed suit Tuesday in Florida bankruptcy court alleging the bankrupt title insurance underwriter’s 2015 transfer of assets worth millions of dollars to Old Republic National Title Insurance Co. was a fraudulent attempt to avoid paying creditors. Daniel J. […]
Managing Shareholder Gary Rosen has been named as one of the top 100 “People to Know” in Florida Trend’s October, 2018 issue (Greater Fort Lauderdale – special section). The special section highlights greater Fort Lauderdale’s executive leadership across all spectrums, including business, government, education and non-profits that help lead the […]
