Miami Business & Commercial Law Blog

There is more to conducting business that finding a need and filling it. The processes required for nearly any business, but perhaps especially banking, are very complex and require a great deal of legal due diligence. When an issue surfaces that leads to business litigation, the fate of the whole operation can hinge on the outcome. It's important to have legal counsel you are confident in.

Former executives of one failed Florida bank may be experiencing this all first hand. The operation formerly known as Peninsula Bank went out of business in 2010. It once had 13 offices, seven of which were in South Florida. When it went under, its assets were bought up by Florida Community Bank.

A Miami resident went from being a nightclub owner to being a furniture importer. The business startup idea came to him when he noticed what he considered outrageous pricing of many other local retailers.

He began importing furniture from China and then supplying local retailers at reduced rates. At first the business ran successfully, but then he began noticing flaws in many of the imports that were sent to him as he began ordering more in bulk. It was at that point he decided to begin manufacturing the furniture instead of remaining a middle-man.

Marriott International and Eden Roc Hotel located in Miami Beach have been involved in an ongoing lawsuit concerning management of a particular piece of property. The agreement between Eden Roc and Marriott apparently allowed for the Eden Roc owners to manage "virtually every aspect of the hotel."

The Eden Roc owners claimed there have been investments of hundreds of millions of dollars in the property and for renovations of the hotel, but they said that Marriott had in any case badly mismanaged the property. Because of a contract between the two parties, Marriott objected to removal from the hotel's management and asked that the contract be enforced by court order. The appellate court in this matter disagreed with Marriott's position and reversed a lower court's ruling.

GFI Software is forming its own independent company called ThreatTrack that would focus on anti-malware for server message boxes (SMBs). ThreatTrack will be based in Florida and reportedly will focus upon analysis and detection of sophisticated malware infections.

There have been problems with integrating products GFI has received in past acquisitions into its business, and it is hoped that the creation of ThreatTrack may help in resolving of that issue. As with any corporate expansion, creation or merger, increased number of business opportunities will also arise.