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Holland & Knight brings legal clarity to complex industry issues.
The rapid-fire changes occurring today in the legal and regulatory arenas that shape health care law, create an array of compliance, transactional and litigation issues that can make your day-to-day operations increasingly complicated.
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On May 8, 2009, after a one-week extension, the Florida Legislature adjourned sine die, bringing the 2009 Regular Legislative Session to a close. What follows is a summary of bills that passed during the 2009 session. Also included are bills of interest which did not pass, but may be considered again during the 2010 session which begins on March 2, 2010. For the 2009 session, 271 bills passed both the House and Senate, specifically 235 general bills, 27 local bills, four concurrent resolutions, three joint resolutions and two memorials. Surprisingly, this represents fewer bills passed than any session since 1998 – 44 percent fewer bills than the 1998-2008 average.
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It is important for lenders – and their special asset/portfolio management teams – to take inventory of lenders’ real estate collateral. This is especially true now that lenders have scaled back on new loans and are focused on managing their real estate collateral portfolios due to potential or pending loan defaults by borrowers. Such inventories include reviewing permits, licenses, zoning and land-use approvals, leases and other due diligence that, if neglected, could result in devaluation of the collateral. This alert provides a detailed discussion of – and a checklist for – carrying out this due diligence.
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