After the turnover of a community, many associations face the prospect of litigation with the developer of the community or the contractor and subcontractors who constructed the condominium building or HOA common areas. Such litigation may be a construction defect lawsuit or a dispute over missing reserve funds. These lawsuits […]
Recently there has been an uptick in China targeted mergers and acquisitions using the formerly and again popular reversemerger concept through special purpose acquisition companies (SPACs). For purposes of this discussion, “China targeted” includes businesses that may be located in China or based in the United States which cater to […]
If you’re a fan of real estate development, now is a great time to be living, working and playing in Tampa. Between the skyline-altering Water Street Tampa project, and two other multi-billion dollar projects underway at Tampa International Airport and Port Tampa Bay, construction cranes dominate the city’s horizon. But, […]
In theory, corporate subsidiaries and affiliates are separate and distinct. When these entities run as free-standing, self-governed organizations manned by their own employees that operate as a going concern such that the entities have a separate existence from their corporate parent, the law respects the corporate form. However, when corporations […]
Q: Our condominium association board levied a special assessment for Hurricane Irma damage. Our insurance claim settled for more than we expected, resulting in an excess of funds due to the special assessment. What happens to this leftover money? (S.S., via e-mail) A: Sections 718.116(10) of the Florida Condominium Act […]
