Foley Partner Daniel Bachrach was quoted in an article that appeared in Globe St. on June 28, 2011 titled “‘Glitch Bill’ Gives Developers New Exit Strategy.” Bachrach discusses a Florida law which eliminates ambiguities in the Distressed Condominium Relief Act by clearly defining bulk property buyers and ensuring that they will not inherit a developer’s liabilities when purchasing foreclosed property. He states that the law gives developers a possible new exit strategy for some existing condominiums with available inventory by allowing them to subject units to a separate condominium regime that allows timeshare plans.
People
Related News
July 28, 2025
In the News
Mark Wolfson Honored in Florida Bar Spotlight
Foley & Lardner LLP partner Mark Wolfson was featured by The Florida Bar for his contributions to the Florida legal community in a "Past Chair Spotlight."
July 24, 2025
In the News
Margaret Nelson Assesses SEC Enforcement Philosophy
Foley & Lardner LLP partner Margaret Gembala Nelson commented in the Private Equity Law Report article, "SEC Enforcement Action Raises Potential Materiality Threshold for Conflicts of Interest," sharing insight on enforcement philosophy at the U.S. Securities and Exchange Commission.
July 24, 2025
In the News
Foley's Trial Team Featured Following Landmark Victory in Texas Trade Secret Case
Foley & Lardner LLP’s recent landmark appellate victory in a Texas trade secrets case is featured in the Texas Lawyer article, "Ruling Sets Precedent for Employment, Trade Secrets, Fiduciary Duty."