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 […]
Twenty years ago the Sorcerer’s Stone was first published in the United States. Since then millions have been captivated by both the Harry Potter books and movies. About a year ago, my children and I embarked on our own magical journey which none of us ever anticipated. What started as […]
A joint venture between Coastline Management and Tower Capital Group paid $33.2 million for an apartment complex in Miami Gardens. EB Real Estate Group, an investment firm in New York, sold the 234-unit Park Plaza Apartments for about $142,000 per unit, according to a press release. Berkadia’s Tal Frydman, Yoav […]
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: Recently, a member of our board of directors resigned, leaving my condominium association with six board members. The board met in a closed meeting to consider appointing someone to fill this vacancy The board voted three times to appoint a person to fill the vacancy and each time the […]
